Central bank rate changes on 28 Jan 1988

On 28 Jan 1988, one central bank we track changed its policy rate: the Federal Reserve cut its Federal funds target range by 18.8 bp to 6.625 %.

Changes

Set by	Rate	Change
Federal Reserve · United States	6.625 %	↓ cut −18.8 bp

Dates are the day a new rate took effect. Some banks announce a few days earlier; the announcement date is shown where we know it.