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FinancialNews
26-02-19
Israeli central bank maintains base interest rate unchanged
(MENAFN) The Israeli central bank's base interest rate will remain unchanged to settle at 0.25 percent for the upcoming six weeks.
In a report issued last month, the Bank of Israel projected its base interest rate to see an increase for the third quarter of this year to hit 0.5 percent.
Late 2020 is forecast in the report to see a base interest rate of 1.25 percent to mark a slow growth.
Israel's central bank leveled up its basic interest rate in November 2018 to reach 0.25 percent from 0.1 percent following a long time of no change.
MENAFN2602201900450000ID1098173089
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