Divergence in views emerges between Bank of Israel’s narrow forum

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A summary of discussions between the Bank of Israel's narrow forum shows that Stanley Fischer, the governor of the Bank of Israel, decided to leave interest rates unchanged at 3.25%, despite calls from one member to raise rates.

Discussions ahead of the July monetary policy decision shows that while three members of the narrow forum recommended that the governor leave interest rate unchanged, one member recommended the interest rate be increased by 25 basis points.

The dissenter said that the

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