Kudrin believes that the fed promptly raised the discount rate

Kudrin believes that the fed promptly raised the discount rate


The decision of the Federal reserve system will not change the situation in the United States, but slightly weaken emerging market currencies and a further decline in oil prices, says former head of the Finance Ministry.

MOSCOW, 17 Dec. The Federal reserve system (FRS) the USA promptly raised the discount rate, the ex-head of the Ministry of Finance, the head of Committee of civil initiatives (THD) Alexei Kudrin.

On Wednesday, the open market Committee of the U.S. Federal reserve after the latest meeting for the first time since 29 June 2006 has raised the benchmark interest rate to 0.25-0.5% per annum with a record low of 0-0,25%.

“The fed raised the discount rate from 0-0. 25 0.25-0.5 per cent. Expected and in a timely manner. It will not change the situation in the USA, but slightly weaken emerging market currencies and a further decline in oil prices,” Kudrin wrote in his Twitter on Wednesday.