Bank of Israel slows down policy normalisation

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Photo: David Vaaknin

The Bank of Israel reduced the pace of its normalisation process at its latest monetary policy meeting on November 21.

After two consecutive 75 basis point interest rate increases, implemented in August and October, the monetary policy committee decided to implement a 50bp rate hike on November 21. The key policy rate now stands at 3.25%.

The central bank started the normalisation process in April, when rates still stood at a record low of 0.1%.

As in most other economies worldwide, high

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