Federal Reserve Board approves discount rate action by the Board of Directors of the Federal Reserve Bank of Kansas City

The following press release was published by the Board of Governors of the Federal Reserve System on July 27. It is reproduced in full below.

The Federal Reserve Board approved action on Wednesday by the Board of Directors of the Federal Reserve Bank of Kansas City increasing the discount rate, specifically the primary credit rate, at the Bank from 1-3/4 percent to 2-1/2 percent, effective July 28, 2022.

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Source: Board of Governors of the Federal Reserve System