US interest rate will remain at zero level before the economy stabilizes, Europe will allocate 20 billion euros for developing countries

The base rate in the United States will remain at 0 - 0.25% until it becomes clear that the crisis period is over. This is stated in the minutes of the meeting of the Committee on open Federal Reserve Markets held on March 15th. As explained in the document, the regulator expects to keep the rate on the specified level until he has confidence in the fact that the American economy has overcome the crisis caused by pandemic, the level of employment tends to the maximum, and prices stabilize. At the meeting of the committee, it was noted significant deterioration in the short-term forecast for the economy U.S.A. In Europe, the EU countries decided to allocate 20 billion euros to support developing countries in connection with losses, caused by the spread of the coronavirus. Fundraising will carried out within the framework of the new program "Team Europe".