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| US central bank holds interest rates unchanged | |
| (35 minutes later) | |
| The US central bank has decided to hold interest rates steady, keeping them at the same level since December 2008. | |
| The Federal Reserve said nine members of its Federal Open Market Committee voted to hold the key federal funds rate target at 0 to 0.25%. | |
| Committee member Jeffrey Lacker was the only dissenter, favouring a 0.25 percentage point rise. | |
| The Fed hinted that concerns about the strength of the global economy influenced the decision. | |
| "Recent global economic and financial developments may restrain economic activity somewhat and are likely to put further downward pressure on inflation in the near term," the committee said in a statement. | |
| Signs of weaker growth in China have led to fear among investors about US economic growth. |