The open market Committee of the Federal reserve system (FRS) the USA at the end of the July meeting has kept the benchmark interest rate at the level of 1-1. 25% per annum. This is stated in the press release of the regulator.
Recall, the Federal reserve system in 2017 has raised the rate twice in June and up to 1-1. 25% in March – to 0.75-1% per annum. Prior to that, the rate of increase rate was slower – once in 2016 and 2015.
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In 2007-2008, the regulator gradually lowered the rate until, until it reached its lowest level of 0-0. 25% in December 2008.