Central bank rate changes on 11 Feb 1988

On 11 Feb 1988, one central bank we track changed its policy rate: the Federal Reserve cut its Federal funds target range by 12.5 bp to 6.50 %.

Changes

Set by	Rate	Change
Federal Reserve · United States	6.50 %	↓ cut −12.5 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.