U.S. Federal Reserve once again left its key interest rate unchanged

Open Market Committee Federal Reserve System (FRS) the USA on Tuesday once again left the base interest rate unchanged at a record low level - in the range of 0-0,25% per annum. This decision was fully expected and coincided with forecasts of analysts. Fed holds the basic discount rate at the minimum level for almost two years. In September 2007 the rate was 5.25%, later it gradually decreased. In December 2008 the rate was reduced from 1% to the current record low levels and has since remained unchanged.

As a result of the meeting on Tuesday the Federal Reserve Board also noted that the U.S. economy recovers slowly. However, the regulator refrains from taking drastic measures to stimulate the economy and reduce unemployment. He preferred to take a position of observer to see whether the economy recover on its own. "The Committee will continue to monitor economic performance and developments in the financial field and is ready to provide additional assistance if needed to support economic recovery and the return of inflation over time" at a proper level, the Fed said in a statement.

Fed forecasts slower than the previous estimate, the rate of economic recovery in the medium term. Moreover, given the current economic conditions, the Fed plans to keep the base interest rate at a record low level for a long period of time, the report said American finregulyatora. To support the economic recovery in the context of price stability committee plans to maintain the current level of portfolio securities the Fed with the reinvestment of principal payment of mortgage bonds in the long-term Treasury securities.