Bank of Israel cuts interest rates by 0.2%

The Bank of Israel lowered its key lending rate for January by a moderate 0.2 percent to 8% Dec 28, in line with economists' expectations. This is the lowest interest rate in a decade.

This was the sixth consecutive month in which Bank of Israel Governor David Klein lowered interest rates by 0.2-0.3%. In a statement, the central bank said the decision to continue cutting nominal interest rates was in line with multi-year inflation targets set by the government showing inflation to be in the ra

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