Israel held on low inflation figure
A sharper-than-expected fall in inflation prompted the Bank of Israel's governor to keep rates on hold, minutes of the latest meeting showed.
The consumer price index for January declined by 0.7%, a greater fall than expected by the Bank of Israel and initial estimates of 0.3% to 0.5% made by private forecasters.
The decline in the index for January is largely thought to have arisen from a government cancellation of a water surcharge and a half-percentage-point reduction in VAT earlier this year
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