The US Central
Bank made the decision to hold the interest rate the same as they have been
since the beginning of 2008.
The Federal Reserve said nine members
of its Federal Open Market Committee voted to hold the key federal funds rate
target at 0 to 0.25%. Committee member Jeffrey Lacker was the only dissenter, favouring a 0.25 percentage point rise.
The Fed hinted that concerns about the strength of the global economy influenced the decision.
"Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term," the committee said in a statement.
Signs of weaker growth in China have led to fear among investors about US economic growth.
Thank for the relevant information! Steady news!
ReplyDeleteFollowing this decision the Euro appreciated against the dollar, which in the near term could penalize the stocks of the main European exporting companies.
ReplyDeleteImportant and interesting post.
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