In addition to lowering the benchmark interest rate, the Federal Reserve also reduced the interest rate of a tool used to control the benchmark, to maintain the smooth running of the financing market in the USA. According to Wednesday's policy statement, officials lowered the overnight reverse repurchase (RRP) agreement tool rate by 5 basis points compared to the lower limit of the target Range. Given that the Federal Reserve lowered the federal funds rate to a target Range of 4.25%-4.50%, the new RRP rate is 4.25%, matching the lower limit of the target Range for the first time since 2021.
美联储调整关键逆回购工具利率 为2021年以来首次
The Federal Reserve has adjusted the rate of its key reverse repurchase agreement tool for the first time since 2021.
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