June 8, 2015 / 12:16 PM / 2 years ago

U.S. fed funds rate holds at 0.13 pct

NEW YORK, June 8 (Reuters) - The U.S. federal funds rate , which banks charge each other to borrow excess reserves, averaged 0.13 percent for a third day on Friday, U.S. Federal Reserve data released Monday showed.

The fed funds rate, which the Fed targets to achieve its rate objective, traded in a range of 0.06 percent to 0.3125 percent for a third day. (Reporting by Richard Leong)

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