The Federal Reserve System (Fed) of the United States, which performs the functions of the Central Bank of the country, has retained the base rate at 0-0.25 percent. This is reported on the department website.
In the Operations Committee, the open market was emphasized that it would be advisable to maintain this range until the conditions on the labor market did not reach the levels corresponding to maximum employment estimates, and inflation growth would not be established at the level of target 2 percent.
Indicators of economic activity and employment are strengthened by vaccination and strong political support, told in the Fed. There were added that the improvement is observed in sectors that most affected the pandemic, but they were completely recovered. The growth of inflation in the department was tied with transitional factors.
It is noted that the regulator will continue to buy treasury bonds monthly in the amount of at least 80 billion dollars and securities provided by mortgages (MBS), in the amount of 40 billion dollars.