Monday, April 22, 2024
HomeEconomyBank of Israel Leaves Interest Rate Unchanged

Bank of Israel Leaves Interest Rate Unchanged

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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