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Finance & markets · 24/03/2020Updated: 10/17/2026 · 1 min read

Federal Reserve Lowers Interest Rates on Excess Reserves and Excess Balances

Summary

The Federal Reserve Board is reducing interest rates on excess reserves and excess balances held by eligible institutions, aiming to support the target Federal funds rate range set by the Federal Open Market Committee.

Original source language: Federal Register — Federal ReserveOpen original release →

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