Shekel gains slightly on dollar despite rate hike

ISRAEL - The shekel strengthened only slightly on the dollar Monday, despite the Bank of Israel's surprise announcement a day earlier of a sharp hike in interest rates.

Stunning the Finance Ministry, Bank of Israel Governor David Klein on Sunday announced a 1.5 percentage point hike in nominal interest rates, more than two weeks before the next scheduled interest rate announcement (on June 24) and only two weeks after raising interest by 1 percentage point (on May 27).

The dramatic move pushed

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account