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Washington (AP) - The US Federal Reserve (Fed) is sticking to its historically loose monetary policy.
As expected, the key interest rate will remain at the very low level of 0.0 to 0.25 percent.
This is appropriate given the situation on the labor market and the long-term low inflation rate, the central bank said on Wednesday.
Securities purchases of around 120 billion US dollars a month to support the economy will also continue.
Before the Fed's decision, analysts had expected that the central bank would stick to its previous course.
The Fed has already responded with an unprecedented easing of its monetary policy in order to support the economy of the world's largest economy in the corona crisis.
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