Fed Regional Banks agree to keep Interest Rate Unchanged

All 12 regional banks in the Federal Reserve voted to keep interest rates imposed by commercial banks on emergency loans unchanged before the US central bank monetary policy meeting.

The Federal Reserve had kept the exchange rate unchanged at its meeting from 2.25% at its meeting from January 28 to 29 with its unanimous decision to leave the main overnight lending interest rate in a target range between 1.50% and 1.75%.

The Fed indicated that it plans to keep interest rates steady this year, and Fed directors said they "continued to view the current economic conditions as favorable economic growth as they expected the economy to continue to grow at a moderate pace."