Israel minutes show division between advisers
Members of the advisory board at the Bank of Israel were divided in their recommendations to Stanley Fischer, the central bank's governor, at the November rate meeting, minutes published on Monday reveal.
Three members of the Narrow Forum recommended that rates be increased by a quarter point, while the fourth said rates should be left unchanged. The central bank raised rates by a quarter point at the end of the meeting, taking them to 1% for December.
"The member who recommended no change in
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