The US Federal Reserve System, which acts as the country’s central bank, has kept its base interest rate at 0-0.25 percent, as was expected by the market, according to the press release of the financial regulator following the meeting of its leadership, Report informs.
“The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent and expects it will be appropriate to maintain this target range until labor market conditions have reached levels consistent with the Committee's assessments of maximum employment and inflation has risen to 2 percent and is on track to moderately exceed 2 percent for some time,” reads the message.