Strike in Israel disrupts central bank operations

A cut in interest rates by the Bank of Israel will not come into affect until bank business resumes as the country is currently gripped by a national strike.

Source: Reuters

The Bank of Israel said a cut in its key lending rate due to have come into effect on Thursday has been delayed until the first bank business day after a national strike that has entered its second day.

The central bank announced a 0.3 percentage point reduction in its key rate for May to 8.4 percent. The Histadrut labour fe