Sometimes you just need to pause, take a look around, and wait for the right time to move.

That’s what the Federal Reserve, which is the USA’s central bank, did this week. They decided not to raise interest rates, leaving them unchanged at very low levels.

Unlike the view in this picture, when these officials look at the world’s economy, they don’t see a pretty scene. They are worried the US is slowing, and the rest of the world is facing new risks (the UK might vote to leave the European Union!) If you have loans, or are looking to borrow, interest rates will stay very low for even longer. However if you are a saver, the rate you get paid doesn’t look too exciting.