Fed's Interest Decision Announced

Fed's Interest Decision Announced

The United States Central Bank has set its policy rate as a range of 0 to 0.25 percent. At the meeting held by the Federal Open Market Committee (FOMC) in April, there was no change in the interest rate. In a statement made by the US central bank, it was unanimously accepted that the interest rate remained constant. It was also stated that the Fed would use all its means to assist the US economy in these difficult times. In the statement, which emphasized that the coronavirus epidemic that affects the world causes serious economic and humanitarian difficulties in the United States and the world, it was emphasized that the measures and restrictions applied to the epidemic led to stagnations in economic activity and the increase in the labor market. In the statement made, it was stated that the decreases in requests and the decline in oil prices kept inflation at low levels, and the stagnation in economic activity had a high impact on financial opportunities. In addition, the negative impact of the crisis on economic activity, employment and inflation in a short time was one of the issues that were emphasized that it would create serious economic risks in the medium time. According to the statement, the Federal Open Market Committee (FOMC) decided to keep the policy interest rate in the range of 0-0.25 percent. The Fed said in a statement that interest rates are expected to stabilize at this level until the economy has passed recently and it is certain that it has reached the goal of achieving the goal of price stability with the highest employment. It was stated that the committee will follow the news about the economic outlook and public health closely and will use all its means to benefit the economy. On the other hand, it is stated that the Central Bank of the United States will continue to purchase mortgage-backed securities with Treasury papers to help with the flow of credit to households and businesses. .