Bank of Israel report highlights policy split on rate-setting body


One member of the Bank of Israel's monetary committee voted for a 25-basis-point cut, according to a report of discussions by the Bank of Israel's Narrow Forum published on January 9.

At its monetary policy meeting on December 25 and 26, 2011, five out of of the six member monetary committee at the Bank of Israel voted to hold interest rates at 2.75%.

Those in favour of leaving the interest rate unchanged said recent data showed economic activity in Israel continued to expand, although at a

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