The US Federal reserve lowered its base rate to almost zero

The us regulator is taking measures to protect the economy from the effects of coronavirus.

The us Federal reserve, which serves as the country’s Central Bank, cut its benchmark interest rate by one percentage point to 0-0. 25 % at an emergency meeting on March 15. This is stated in the report of the regulator.

“The Committee expects to maintain this target range until it is confident that the economy has withstood recent events and is on track for maximum employment and price stability targets,” the fed’s management said in a statement. Continue reading →