[Update 2] US Fed, freezes interest rate for 3rd consecutive time…reflecting aftermath of Iran war

[Update 2] US Fed, freezes interest rate for 3rd consecutive time…reflecting aftermath of Iran war

The US central bank, the Federal Reserve (Fed), froze the benchmark interest rate at 3.50-3.75% on the 29th (local time).

The Fed held the second day of its regular Federal Open Market Committee (FOMC) meeting today and decided to maintain the benchmark interest rate as such.

It is analyzed that rising inflation concerns due to the surge in international oil prices following the Iran war influenced this decision.

The Fed raised interest rates for three consecutive times in September, October, and December last year, but this year, it has made three consecutive freeze decisions, following January and last March.

With this decision, the interest rate gap between Korea (2.50%) and the US will remain at 1.25%p based on the upper limit.