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FED keeps the interest rates on a record low level |
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World -
Economy
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Thursday, 13 August 2009 12:15 |
 American Federal reserves kept the interest rates in a record low level between 0 an 0,25%, as expected.
FED announced that in a situation when the economic activity will remain week for a while, they try to keep balance. the Central Bank added that the interest rates will remain low for a longer period in order to improve the economy.
The program for buying bonds worth 300 million dollars will end in October, FED declared.
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