The US Federal Reserve (Fed) of the United States has left the discount rate without changes at the level of 4.25-4.50 percent.
The statement published by the Fed, states that the decision on monetary policy was made 11 votes against 1.
Member of the Council of Management of the Fed, Christopher Waller supported the maintenance of the rate, but preferred to maintain the current rates of assets for securities.
The statement reports that it was decided to maintain the target rate of the rate on federal funds within 4.25-4.50 percent to support targeted indicators.
– a decrease in interest rates was suspended in January
Given the progress achieved in the field of inflation, the Fed first in 4 years reduced interest rates in September last year, reducing them by 50 basic points.
Fed, which reduced the rate at 25 basic points in November and December last year, in January suspended a decrease in interest rates, to which she went 3 meetings in a row last year.
In February, the US inflation was recorded at 2.8 percent in annual calculus. In June 2022, it reached the highest level since 1981 – 9 percent.