Federal Reserve System (FRS) the USA on Wednesday adopted a decision to keep the target range of the base interest rate from 0% to 0.25% per annum, according to a document by the meeting Federal Open Market Committee (FOMC).

Analysts also do not expect changes.

Fed reiterated that it will keep rates at "extremely low" for a "long time".

"Information received after the FOMC meeting in December, confirms that economic activity continues to be strengthened and that the deterioration of the labor market is weakening. The cost of homeowners are increasing at a moderate pace, although they are still hampered by a weak labor market, moderate income growth, low-wealth population and strict conditions to attract loans, "- said in a statement.

"The cost of business equipment and software appears to be increased, but the structural investment continues to decline, as employers are still reluctant to increase staffing - the document says. - Firms stocks lead to a better product line sales. At the While bank lending continued to decline, conditions in financial markets remain supportive to economic growth. While the pace of economic recovery are likely to remain weak for some time, the committee expects a gradual return to high levels of consumption in the context of price stability. "

According FOMC, inflation will remain weak for some time, with the long-term inflation expectations remain stable.

"The Committee will maintain the target range of the federal funds rate at the level of 0-0,25% and still expect economic conditions, apparently, are the basis for an exceptionally low base interest rate for a long time," - says report FOMC.

"To provide support for mortgage and housing market, as well as improving the overall conditions in the credit markets the Fed is in the process of acquisition of $ 1.25 trillion of agency mortgage-backed securities mortgage, and about $ 175 billion of debt agencies," - says the document.

CB gradually slow down the implementation of these operations, and plans to exhaust the amount of programs by the end of the first quarter of 2010. "The Committee will continue to evaluate the timing and amount of redemption in the light of the forecast for the economy and financial market conditions", - says.

In light of the ongoing improvement of the functioning of financial markets, the Fed noted that the bulk of special programs of liquidity the Fed will end on Feb. 1, 2010, as previously announced.

The paper also reported that the American Central Bank turns a program to provide funds to banks at auctions in the program short-term financing (Term Auction Facility, TAF), and the last auction held in early March. In addition, the program will expire on March 31 Term Asset-Backed Securities Loan Facility, is designed to support the market of securitized assets.

U.S. stock indices continued to fall after the Fed"s statement about keeping the base interest rate and the termination of programs to provide liquidity.

indices Dow Jones Industrial Average and the Standard Poor "s 500 fell by 0,5%, Nasdaq Composite - on 0,2%.

U.S. dollar exchange rate rose by 0,3% against the euro - up to $ 1,403 compared with $ 1.4072 the previous day.

The value of U.S. Treasury bonds decreases. In particular, the yield of the most liquid ten-year securities fell to 3.63% per annum after the day before she fell to its lowest level since December 21 last year - 3,56%.

U.S. central bank keeps rate in the target range from 0% to 0.25% per annum from December 2008. In 2008 the rate declined seven times.

For comparison, the base rate of the European Central Bank currently stands at 1% per annum, the Bank of England - 0,5% per annum, the Bank of Japan - 0.1% per annum.

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