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

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6:05 PM - Jan 29, 2020

The first monetary policy decision from the Fed in 2020 suggests that no changes in the funds rate should be expected during this year, in line with FOMC projections made in December. The Fed also said that overnight repo operations will continue at least through April 2020 to ensure that the supply of reserves remain ample.

However, the interest on excess reserves rate (IOER) was raised by 5 basis points to 1.6%, aiming to foster trading in the federal funds market at rates well within the FOMC's target range. The IOER is usually seen as a guardrail for the funds rate.

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