Fed, BoJ keep key rates unchanged

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Fed, BoJ keep key rates unchanged

New York, NY (BBN)- The Federal Reserve (Fed)’s Monetary Policy Committee decided to keep its funds rate on hold at 0 to 0.25 percent, saying that economic conditions allowed to maintain exceptionally low rates for an extended period.

Meanwhile, the Bank of Japan (BoJ) also kept interest rates unchanged at 0.1 percent, having introduced a new funding operation last month after a period of intense government pressure for action to support the fragile economy, according to reports.

BBN/SS/SI/AD-30January10-10:38 pm (BST)

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