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

Shares
1,503

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
You may also like :
News Image
Hiru News Programme Segments
230 Views
5,498 Views
4,062 Views
12,425 Views
20,507 Views
59,387 Views
Top