Bank of Israel Leaves Interest Rate Unchanged

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Bank of Israel
Bank of Israel

Bank of Israel’s Monetary Committee has decided to keep the prime interest rate at .25%.  Initially, the expectation was that the rate would be raised. However, the report that inflation in April was on 0.3%, i.e., lower than predicted, combined with the recent strengthening of the Shekel — especially against the Euro — convinced the committee that a rise in the interest rate was not justified at this point in time.  

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