Bank of Israel increases size of QE programme

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David Vaaknin

The Bank of Israel increased the size of its government bond purchases on October 22, citing the growing effects of the Covid-19 pandemic on the economy.

The Bank of Israel’s six-member monetary policy committee increased its government bond purchases by 35 billion shekels ($10.4 billion), but maintained its key policy rate at 0.1%. “The rapid indicators that we developed with the outbreak of the crisis, such as credit card purchases, mobility data and electricity consumption, point to a sharp

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