International Monetary Policy Rates
The central banks of other major countries have not imitated the Federal Open Market Committee’s 100 basis point (bp) easing of the federal funds rate target in January. The Governing Council of the European Central Bank kept rates unchanged at its February 1 meeting, but acknowledged that “risks to price stability in the medium term now appear more balanced than at the end of last year.”
Suggested citation: "International Monetary Policy Rates," Federal Reserve Bank of Cleveland, Economic Trends, no. 01-03, pp. 18, 03.01.2001.