Weaker growth led Israel to hold rates

bank-of-israel-building

A Bank of Israel report on discussions prior to setting the interest rate at its 25 October monetary policy meeting published on Monday showed that a decline in exports may have motivated the central bank to hold rates.

The discussions which took place on 24 and 25 October on the assessment of indicators in the period between 27 September and the current decision on 25 October, showed that economic activity continued to increase in Israel, but at a slower pace than that evident at the beginning

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