Israel central bank reinstates September meeting due to market volatility

bank-of-israel

The Bank of Israel's (BoI) monetary committee yesterday reversed a decision taken in February this year to take a break for the Jewish New Year holiday, saying that given "the uncertainty in global markets" it deemed it "optimal to maintain the flexibility that comes with monthly monetary discussions on interest rate decisions".

The committee yesterday decided to hold its policy interest rate steady at 1.25% per annum. It said the "effective exchange rate of the shekel" was unchanged compared wi

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