the Reduction came about as a response to the effect that the coronasmittan has had on the u.s. economy and is the second cut in two weeks ‚ time. The decision was co-ordinated by the Bank of England, Bank of Japan, Bank of Canada, Swiss National Bank and European central bank.
Thus reduced the repo rate from 1.25 per cent to between 0 and 0.25 per cent. On march 3, lowered the Fed’s interest rate of of 1.75 to 1.25.
purchases of treasury bonds and other security paper, a value of the corresponding 6.300 billion in the next few months, writes the Wall Street Journal.
„It makes me very, very happy,“ said the president, Donald Trump is in the first comment for a rate cut.
“ This is a good thing for the country.
this is a statement of the u.s. Federal reserve that it is prepared to use all sorts of means in order to be sure that there will be enough money in the system, for both individuals and businesses.
Bolton said, to the way that the market had been expecting that the u.s. central bank would take action, but that he was surprised by the size of the cut.
“ But not to this extent. This is an aggressive signal-to-do it is prior to the regular meeting this week, “ said Robert Bergqvist, to the RIGHT.
in Sunday’s announcement were the dollar to fall slightly.
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