Interest rates unchanged at 0.25%, Fed will buy Treasurys and more MBS

Wed, Mar 18 2009, 18:33 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) – The Federal Reserve’s Monetary Policy Committee has decided to leave interest rates unchanged at 0.25% record low after their march’s meeting, in a unanimously decision of 10-0 votes.

Fed will buy up to 300 billion in longer-term Treasurys in the next six months, it will increase the MBS program for another 750 billion and total value of this program would be up to 1.25 trillion Dollars.

FOMC says that officials still have many tools to try to beat the recession.

EUR/USD

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