The US Federal Reserve System has kept the interest rate unchanged at 5.25-5.5 percent, the the System says, Paralel.Az reports.

“The Committee (FOMC) decided to maintain the target range for the federal funds rate at 5.25-5.5%,” the report said.

The regulator considered it inappropriate to reduce the target rate range until there is greater confidence that inflation is steadily approaching the 2% mark.