what's the meaning of this sentence?
the meaning? Consumer debt payments as a percentage of after-tax income are at the lowest level since the mid-1990s. These favorable credit conditions are unlikely to change in the near term, as most central banks are either on hold or are expected to ease further.
" as most central banks are either on hold or are expected to ease further. " what's the meaning of this sentence? thank you

Question

what's the meaning of this sentence?
the meaning? Consumer debt payments as a percentage of after-tax income are at the lowest level since the mid-1990s. These favorable credit conditions are unlikely to change in the near term, as most central banks are either on hold or are expected to ease further. 
" as most central banks are either on hold or are expected to ease further. "  what's the meaning of this sentence? thank you

Answer

"On hold" is an expression from telephone operation. Placing a telephone call on hold will temporarily stop the conversation.

Saying the central banks are "on hold" means they are taking no action to change interest rates. So the banks will either not change the availability of credit, or they will make it easier to get.

Answers · 1

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