Rising fuel prices spur Israel's rate hike

Concern over rising fuel prices led Stanley Fischer, the governor of the Bank of Israel, to opt for a quarter-point rate rise at last month's meeting of the central bank's monetary policy committee.

The central bank raised rates to 3.75% on 23 June and released minutes of the discussion prior to the decision, which is made by the governor alone.

The "rapid and persistent rise in global energy prices in the last few months," was the subject of analysis with the group noting that the worldwide

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