MOSCOW, December 17. According to the head of Committee of civil initiatives, former Russian Finance Minister Alexei Kudrin, increase of the Federal reserve system (the fed) discount rate to 0,25-0,5% without a major impact on the economic situation in the United States. About this politician wrote Tuesday in his microblog on Twitter.
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The U.S. Federal reserve raised benchmark interest rate to 0,25-0,5%
“It will not change the situation in the USA, but slightly weaken emerging market currencies and a further decline in oil prices”, – Kudrin writes.
The politician also stressed that the fed’s decision was “expected and in a timely manner”.
Federal reserve system (FRS) that perform the functions of the Central Bank of the country, on Thursday decided to increase the benchmark interest rate by 25 b.p. to 0.25-0.5% 0-0,25% per annum. Basic discount rate the fed last raised in June 2006. From December 2008 to date it has remained almost at zero – 0-0,25%.
