Shekel gains slightly on dollar despite rate hike

ISRAEL - The shekel strengthened only slightly on the dollar Monday, despite the Bank of Israel's surprise announcement a day earlier of a sharp hike in interest rates.

Stunning the Finance Ministry, Bank of Israel Governor David Klein on Sunday announced a 1.5 percentage point hike in nominal interest rates, more than two weeks before the next scheduled interest rate announcement (on June 24) and only two weeks after raising interest by 1 percentage point (on May 27).

The dramatic move pushe

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: