Israeli committee split over rate cut, minutes reveal
Bank of Israel (BoI) governor Stanley Fischer exercised his casting vote on the central bank's monetary committee to keep this month's policy interest rate cut to just 25 basis points, after three members of the six-strong committee voted to cut rates by 50bp.
The BoI today released the minutes of the 'special discussion' earlier this month, which led it to cut its policy interest rate and launch a programme of foreign exchange purchases. Both measures are aimed at anchoring the value of the
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