World Central Banks

The Federal Reserve left the target range for its federal funds rate unchanged at 0-0.25%

Policymakers reiterated they are committed to using a full range of tools to support the US economy in this challenging time.

The US Federal Reserve announced on April 30th it is expanding the scope and eligibility for the Main Street Lending Program

to help small and medium-sized businesses hit by the Covid-19 crisis access affordable credit.

The Federal Reserve lowered the target range for its federal funds rate by 100bps to 0-0.25%

The Federal Reserve launched a massive $700 billion quantitative easing program during an emergency move on March 15th to protect the US economy from the effects of the coronavirus.

The Federal Reserve lowered the target range for its federal funds rate by 50bps to 1-1.25 %

"The coronavirus poses evolving risks to economic activity" - Fed.

The Federal Reserve left the target range for its federal funds rate unchanged at 1.5-1.75 percent on January 29th 2020

As expected, saying the current stance of monetary policy is appropriate to support sustained expansion of economic activity, strong labor market conditions, and inflation returning to the 2 percent objective.

Federal Reserve System

https://www.federalreserve.gov/

The FRS is an agency established by US Congress in 1913; the Agency has functions of the Central Bank capability to monitor the activities of commercial banks. The Federal Reserve System consists of 12 reserve banks of federal importance, 3 thousands of banks-members, the Governing Council, and the Federal Open Market Committee. The members of the latter, in particular, determine the value of the base interest rate.

The base interest rate is the interest rate at which the Central Bank takes the money in deposit and issues as loans to commercial banks. The base interest rate indirectly affects the lives of citizens.

Thus, the lower the interest rate is, the easier it is to take a loan; the production grows up, the unemployment decreases. The key interest rate indirectly affects the price of housing, food, machinery, and fuel.

The Federal Open Market Committee is convened every 8 years to discuss the current interest rate value.

Interest rates

0,25 %

All rates

Interest rates

Country Rate Value
USA Federal Funds 0,25 %
Switzerland 3 Month LIBOR Range -0.75 %
United Kingdom Repo Rate 0,10 %
EU Refinancing Tender 0,00 %
Japan Overnight Call Rate -0,10 %
New Zealand Official Cash Rate 0,25 %
Australia Cash Rate 0,25 %
Canada Overnight Rate Target 0,25 %
All rates
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