Rate decisions this week

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The bulk of central banks making interest rate decisions this week left their benchmark rates flat, citing subdued inflation and demand data.

The Federal Open Market Committee (FOMC) on Tuesday left it target for the benchmark federal funds rate at between 0 and 0.25%, pointing to persisting low levels of resource utilisation, stable inflation expectations, and subdued price pressures.

The Fed also maintained its promise to keep the benchmark rate "exceptionally low... for an extended period." A

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