ECB Policy Maker Olli Rehn Calls Fed's 12-0 Rate Decision 'Crucial'

European Central Bank (ECB) policymaker Olli Rehn stated that the U.S. Federal Reserve's 12-0 unanimous interest rate decision was significant, according to a report published by PANews on Thursday. Rehn noted that 'the fact that the Fed's decision was unanimous is very important,' as reported by PANews.

The Federal Reserve announced on Wednesday (local time) during its Federal Open Market Committee (FOMC) meeting that it raised interest rates by 25 basis points, adjusting the target range to 3.75%-4%. The decision was made unanimously with a 12-0 vote.