Central bank rate changes on 8 Aug 1988

On 8 Aug 1988, one central bank we track changed its policy rate: the Federal Reserve raised its Federal funds target range by 6.3 bp to 7.75 %.

Changes

Set by	Rate	Change
Federal Reserve · United States	7.75 %	↑ raised +6.3 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.