Azerbaijan news

The Fed has increased the discount rate – 24 hours

The center of the country bankUS Federal Reserve System (FRS) 2018For the first time since 2006, the base interest rate was increased by 25 basis points to 0.25-0.5% per annum.

This is stated in the report of the Fed.

Let `s note that, The Fed’s previous interest rate hike 2018was in December and since then the base interest rate has only dropped. Over the past two years, the Fed’s discount rate has been in the range of 0-0.25% per annum.

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