Current Affairs - International - Discussion

Discussion Forum : International - Latest Current Affairs (Q.No. 4548)

2020-03-16 International

4548.

The interest rates has been slashed down by the United States Reserve Bank to what amount?

0 - 0.25%

1 - 1.25%

0 - 0.50%

Answer: Option

Explanation:

On February 16, 2020, the United States Reserve Bank announced that the key interest rates are to be slashed to 0% to 0.25%. This is being done in response to growing impact of Corona Virus. This is the second emergency cut by the reserve bank in less than two weeks.