The fed did not change the benchmark interest rate

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.