Çar. Oca 29th, 2020

Fed announces interest rate decision National News

In a statement made by the Fed, it was reported that the policy interest rate was not changed.

It was noted that the decision to keep the interest rate fixed was taken unanimously, and the labor market was strong and economic activity increased moderately.

In the statement, it was pointed out that there has been an increase in employment in recent months and the unemployment rate was low, and that the policy rate was kept in the range of 1.50-1.75 percent.

In the statement, which emphasized that investment and exports continue to remain weak, it is stated that economic data, global developments and inflation pressure are closely followed.

The Fed had cut interest rates three times last year. The Fed lowered the policy interest rate by 25 basis points in July to 2.00-2.25 percent, with a decrease of 25 basis points in September, to 1.75-2.00 percent, and in October, again by 25 basis points to the range of 1.50-1.75 percent. .

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