Regional Feds divided on discount rate

Interest rates on paper

Directors of the regional Federal Reserve banks disagreed in September over changes to one of the US central bank’s key lending rates, meeting minutes show.

The leaders of the Federal Reserve Banks of New York and San Francisco voted to increase the primary credit rate by 50 basis points on September 8. The Federal Reserve Bank of Minneapolis voted for a 100bp increase. The remaining regional Feds argued for a 75bp increase.

The primary credit rate is a lending rate applied to the Fed’s

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 or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account