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FinancialNews


  • 21-05-19

    0.25 percent still set as Israeli interest rate

    (MENAFN) Bank of Israel, the central bank of the country, maintained its based interest rate to stand at 0.25 percent.

    Boosting the interest rate in Israel is planned to occur slowly and carefully, affirmed the bank's Monetary Committee.

    Through the gradual process, the committee explained, the inflation rate is expected to witness stability between 1 and 3 percent.

    According to the committee, "the new shekel has strengthened in terms of the effective exchange rate by 6 percent since the beginning of the year."

    It added: "this is the main factor that hinders the continued rise in inflation toward the middle of the target range."

    MENAFN2105201900450000ID1098548527

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