Early in the morning! Fed cuts interest rate to 0-0.25%

China-Singapore Jingwei Client, March 16th. The Federal Reserve announced on the 15th local time that it will lower the federal funds rate target range to an ultra-low level of 0-0.25%, and launched a US $ 700 billion quantitative easing plan.

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According to the CNBC report, the Federal Reserve said that the new crown pneumonia epidemic has caused damage to the society and the economy in many countries, including the United States. plan.

It is worth noting that this is the second time the Fed has cut interest rates this month. Earlier, in the middle of the night on March 3, Beijing time, the Fed announced a rate cut of 50 basis points to 1.00% -1.25%, which is the largest rate cut by the Fed since 2008 to combat the economic impact of the new crown pneumonia epidemic. At the same time, the excess reserve ratio (IOER) was cut by 50 basis points to 1.1%. (Zhongxin Jingwei APP)