US Federal Reserve leaves its benchmark interest rate unchanged
The Federal Open Market Committee, the US central bank's policy-setting body, decided on Wednesday not to change the benchmark interest rate. The current rate level therefore stays in place.
The Federal Open Market Committee of the US Federal Reserve System, the country's central bank, decided on Wednesday to leave the benchmark interest rate unchanged. The committee is the Federal Reserve body that takes decisions on US monetary policy.
The benchmark interest rate is one of the central bank's main tools. It influences the cost of loans and the return on deposits across the economy. A decision not to change it means the existing rate level remains in force.
The source does not state the current rate, the details of the vote or the committee's reasoning, so these are not included here.
