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FinancialNews


  • 09-10-18

    Israel's central bank to maintain 0.1 percent as interest rate

    (MENAFN) The Bank of Israel (BOI) decided to maintain the base interest rate at 0.1 percent for no less than an extra month, the Monetary Committee unveiled.

    Israel's base interest rate hit a decline from 0.25 percent in March 2015, forcing the rate to stay unchanged ever since.

    The Israeli central bank is forecasting the base interest rate to stay unchanged until the end of 2018.

    The central bank however expects the base interest rate to see a boost during the first quarter of next year, reaching 0.25 percent.

    The bank also projects the base interest rate to record 0.5 percent by the end of 2019.

    The resolution for the rate to remain at 0.1 percent was reached under the term of BOI governor Karnit Flug before she retires early November.

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