Hirunews Logo
HiruNews
HiruNews
HiruNews
US+Fed+raises+interest+rates+by+0.25%25
Thursday, 17 December 2015 - 12:44
US Fed raises interest rates by 0.25%
1,671

Views

The US Federal Reserve has raised interest rates by 0.25 percentage points - its first increase since 2006.

The move takes the range of rates banks offer to lend to each other overnight - the Federal Funds rate - to between 0.25% and 0.5%.

The move is likely to cause ripples around the world, and could increase pressure on the UK to raise rates.

It could also mean higher borrowing costs for developing economies, many of which are already seeing slow growth.

Rates in the US have been at near-zero since 2008.

Make a Comment
Make a Comment

DOWNLOAD HIRUNEWS APP ON ANDROID & APPLE
HiruNews
News Image
Hiru News Programme Segments
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
HiruNews
568 Views
HiruNews
HiruNews
HiruNews
6,605 Views
HiruNews
HiruNews
HiruNews
5,360 Views
HiruNews
HiruNews
HiruNews
10,729 Views
HiruNews
HiruNews
HiruNews
66 Views
HiruNews
HiruNews
HiruNews
38,769 Views
Top