Bank of Israel to buy $13bn in government bonds
Central bank also supplying $15bn to banking sector to meet “very high” demand
The Bank of Israel will purchase 50 billion shekels ($13 billion) in government bonds in an attempt to ease credit conditions and support financial markets.
The central bank’s monetary committee gave details on the size of its government bond purchase programme in a statement published on March 23. The central bank first announced these operations on March 15. In the last week, it has also significantly increased its supply of US dollars to Israel’s banking sector, in response to what it
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