IEE Forecast

The committee for Federal Reserve System (FRS) in the USA (FOMC) will raise a discount rate for 0,25 % having brought it up to the value of 2,50 % at the next session, which will take place on February 1-2, 2005. Representatives of bank system in Ukraine also confirmed this forecast. It is the result of IEE interview (January 17, 2005). The results of voting have shown, that two thirds of bank analysts support such expectations. About one third consider, the FRS discount rate will remain unchanged. Expectation that the discount rate will be raised more than on 2,5 % takes the third place. And, at last, the final position is for the variant that the discount rate will be lowered.

IEE