[2nd Report] US Fed, 3rd consecutive interest rate freeze... Reflecting impact of Iran war

[2nd Report] US Fed, 3rd consecutive interest rate freeze... Reflecting impact of Iran war

The US central bank, the Federal Reserve (Fed), froze its 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.

The rising international oil prices due to the Iran war, which heightened inflation concerns, are analyzed to have influenced this decision.

The Fed raised interest rates three times in a row 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 difference between Korea (2.50%) and the US remains at 1.25%p based on the upper bound.