Key policy rates in the U.S. 2023

All key policy rates in the United States increased drastically in 2023. The Federal Funds target range was set to 4.5 to 4.75 percent in February, and it increased gradually to 5.25 to 5.5 percent by the end of the year. The interest rate on reserve balances (IORB Rate) increased from 4.65 percent to 5.4 percent, and the same trend could be seen with the Overnight Reverse Repo Facility Rate (ON RRP Rate), and the Standing Repo Facility Rate (SRF Rate). The sharp increase in all key policy rates was triggered by the growing inflation rate throughout 2023.

2023年，美国所有关键政策利率均经历了剧烈上升。美联储联邦基金目标区间于2月份设定为4.5%至4.75%，并于年底逐步上升至5.25%至5.5%。储备余额利率（IORB利率）从4.65%上升至5.4%，同样的趋势亦可见于隔夜反向回购便利设施利率（ON RRP利率）和定置回购便利设施利率（SRF利率）。2023年全年通胀率的持续上升触发了所有关键政策利率的急剧上升。