Range of 0-0.25 percent: fed leaves key rate unchanged at close to Zero

Range of 0 to 0.25 percent
US Central Bank leaves key rate unchanged at close to Zero

The US Central Bank is leaving its key interest rate as expected unchanged at close to Zero. The key interest rate remain in the range of 0 to 0.25 percent, announced the Federal Reserve (Fed) on Wednesday.

The Central Bank is more determined, their “full range of tools” to use, to the economic consequences of the Corona to mitigate the crisis, it was more. The Fed had already announced that the interest rate does not raise.

Central Bank chief Jerome Powell wanted to explain the decision of the money market Committee of the Fed on Wednesday (from 20: 30 CEST). With voltage, especially its assessments of the economic situation in the world’s largest economy were expected. He had recently warned that the economic recovery depended directly from the further course of the Coronavirus pandemic.