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FinancialNews


  • 08-01-19

    0.25 percent maintained as Israeli base interest rate

    (MENAFN) Israel was announced to be maintaining 0.25 percent as its base interest rate under a decision the Bank of Israel's Monetary Committee made.

    Newly elected Bank of Israel governor Amir Yaron reached the decision, marking it as the first decision to be taken by him since he claimed the seat.

    It comes after the committee increased the base interest rate of Israel November 26 of last year for the first time in over seven years, changing it to 0.25 percent from 0.1 percent.

    The committee, according to Yaron, will be making gradual and careful boosts in the base interest rate over the upcoming two years.

    MENAFN0801201900450000ID1097939898

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