No change to US cash rate

While the central bank noted that “strains in financial markets” had increased “significantly” it was confident “the substantial easing of monetary policy, combined with ongoing measures to foster market liquidity, should help to promote moderate economic growth” over time.

The US cash rate now remains at two per cent, where it has held steady since April this year.

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Written by Staff Reporter

Last Updated: 09 March 2022

Published: 17 September 2008