Fed raises US key interest rate by 25 bps to 4.75-5.00% range
06:53
The Federal Reserve raised the US key interest rate by 25 bps to a range of 4.75-5.00%, according to a statement after the meeting. This is the highest level of interest rate since 2007.
The Fed noted that additional monetary policy tightening in the US may be appropriate.
The interest rate decision was in line with market expectations and passed unanimously.
Source: PAP
