Three regional Feds wanted discount rate rise

Central Banking staff
03 Sep 2008

Tweet
Facebook
LinkedIn
Save this article
Send to
Print this page

Directors of three regional Federal Reserves called for a quarter-point increase to the discount rate in July.

Minutes of the 4 August discount-rate meeting show that on 24 July directors at the Dallas, Kansas City and Chicago Feds had backed a rise in the discount rate, the cost at which regional Feds lend to commercial banks, to 2.5% - half a point above the federal funds rate.

The Federal Reserve Banks of Dallas and Kansas City also called for an increase on 10 July, the latest minutes

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to print this content. Please contact [email protected] to find out more.

You are currently unable to copy this content. Please contact [email protected] to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email [email protected]com