World Central Banks
Federal Reserve Systemhttps://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.
0,25 %All rates
|3 Month LIBOR Range
|Overnight Call Rate
|Official Cash Rate
|Overnight Rate Target