Fed lowers interest rate to zero
2020-03-16 17:18:13 [Print]
The Federal Reserve cut interest rates to essentially zero last Sunday and launched a massive $700 billion quantitative easing program to shelter the economy from the effects of the coronavirus.
The new fed funds rate will now be targeted at 0% to 0.25%, down from a previous target range of 1% to 1.25%.
Facing highly disrupted financial markets, the Fed also slashed the rate of emergency lending at the discount window for banks by 125 basis points to 0.25%, and lengthened the term of loans to 90 days.
The new fed funds rate will now be targeted at 0% to 0.25%, down from a previous target range of 1% to 1.25%.
Facing highly disrupted financial markets, the Fed also slashed the rate of emergency lending at the discount window for banks by 125 basis points to 0.25%, and lengthened the term of loans to 90 days.
Ferro-nickel 10%min EXW China
Unit:RMB/dmtu
China refined nickel producers' operating rate statistics by province by month
Unit: %
