The optimism is in part fuelled by expectations that Biden administration policies will lead to tighter oil supply, which will automatically push prices higher.
The Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent
Bank of England’s Monetary Policy Committee (MPC)maintain Bank Rate at 0.1%.
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Board decided to maintain the targets of 10 basis points for the cash rate and the yield on the 3-year Australian Government bond
Inflation averages 2 percent; Committee decided to keep the target range for the federal funds rate at 0 to 1/4 percent
The interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.00%, 0.25% and -0.50% respectively.
The overnight rate at the effective lower bound of ¼ percent, with the Bank Rate at ½ percent and the deposit rate at ¼ percent.