The US Federal reserve left the base rate at zero

The Federal reserve left benchmark interest rate at 0-0,25%. About it it is spoken in the statement on the official website of the regulator.

“The governing Council intends to maintain this target range until then, until there is confidence that the economy has withstood the recent events, and is on track towards achieving its objectives of maximum employment and price stability,” he concluded.

Among other purposes, the governing Council calls support economic activity, creation of favorable conditions in the labor market and 2 percent inflation.

The Council was assured that closely “for the market and ready to adjust their plans.”

In March 2020, the Federal reserve is twice extra reduced interest rates to protect the economy from the negative impact caused by the spread of coronavirus infection. On 3 March the rate was reduced by 0.5 percentage points – up to 1-1. 25%. March 16, the fed decided to reduce the rate by 1 percentage point – to zero.

Flash coronavirus infection COVID-19 began in December 2019 in the Chinese city of Wuhan. March 11, the world health organization declared the spread of the coronavirus pandemic.

At the moment in the US, the coronavirus has infected more than 1 million people (worldwide – 3,14 million), nearly 60 thousand of them died (218 million – worldwide).

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