Bank of Israel strike postpones interest rate cut

ISRAEL - In an unprecedented move the Bank of Israel said on Apr 22 that it would delay its May interest rate decision because of a three-month labour action by its employees who have been demanding promotion and higher wages.

The interest rate decision should have been announced on Apr 23, but the central bank said it lacked information and analysis on the Israeli economy that was key to the decision making process. The central bank had been expected to make a reduction of up to 0.3 percentag

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