US central bank Fed shies away from cutting interest rates
Despite easing inflationary pressure, the US Federal Reserve decides against lowering the key interest rate. The key monetary policy rate thus remains unchanged at its highest level for more than 20 years.
The US Federal Reserve (Fed) has left the key interest rate unchanged at a high level for the third time in a row. It remains in the range of 5.25 to 5.5 percent, as announced by the Federal Reserve Board in Washington. This is the rate at which commercial banks can borrow central bank money. The decision had been expected. It is the highest rate in more than two decades.
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The Fed's decision to maintain its interest rate, despite easing inflationary pressure, is a testament to its commitment to fight against high inflation. Furthermore, this stance keeps the interest rate policy in line with its historically high levels, as indicated by the Federal Reserve Board's announcement.
Source: www.ntv.de
