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  • 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.Asian Metal Copyright25%, down from a previous target range of 1% to 1.Asian Metal Copyright25%.

    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.

    .Asian Metal Copyright25%, down from a previous target range of 1% to 1Asian Metal Copyright
    Nickel Ore Philippine 1.5%min CIF China
    Unit:USD/mt
    Nickel Ore Philippine 1.5%min CIF China USD/mt
    China refined nickel producers' inventory statistics by province by month
    Unit: mt
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