The Fed Maintained Interest Rate Near Zero
30 Juli 2020
Riset
- The Federal Reserve held interest rates steady in a decision announced Wednesday that came along with a tepid outlook on the coronavirus-plagued economy. In a move widely expected, the central bank kept its benchmark overnight lending rate anchored near zero, where it has been since March 15 in the early days of the pandemic. Along with keeping rates low, the Federal Open Market Committee, which sets monetary policy, expressed its commitment to maintaining its bond purchases and the array of lending and liquidity programs also associated with the virus response. (CNBC)
- The Government guarantees working capital loans provided by banks to private corporations with a credit ceiling of Rp10 billion to Rp1 trillion. Until next year, working capital loans given by banks through the program are targeted to reach Rp100 trillion. Under this program, the government will guarantee 60% of working capital loans (the remaining 40% will be guaranteed by banks) for corporations in the non-priority sector. Meanwhile, priority sectors will get 80% guarantee from the government, while the other 20% will be guaranteed by the banking sector. (Investor ID)