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U.S. Federal Reserve lowered the discount rate
U.S. Federal Reserve on Sunday announced lower the discount rate (discount rate) at 0.25 per cent to 3.25 per cent, Bloomberg reported.
The decision to change the discount rate, at which the most reliable banks can obtain loans from the Fed, in the event of a temporary liquidity shortage, it was decided at urgent meeting held on the evening of March 16 - a few hours before the opening of bidding at the Tokyo Stock Exchange.
U.S. Federal Reserve also announced that the list of financial institutions that can take advantage of the decreased percentage of loans will be significantly expanded. Moreover, the Fed announced March 17, with the entry into force of a special program that allows major investment banks on a regular basis to obtain short-term loans for the lowered rates. The program, as reported by AP, which is analogous to "discount window" to ensure normal banks borrowed funds on concessional terms, will be at least six months.
"The measures will provide financial institutions access to the necessary funds" - stated extraordinary meeting on the outcome of the Fed head Ben Bernanke USA (Ben Bernanke).
According to the forecasts of analysts, the Fed planned meeting scheduled for 18 March, it is decided to reduce the base rate from 3 to 2 per cent. |
Posted: 4:34 AM, 3/17/2008 |
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