Bank of Israel cuts policy rate by 25 bps to 3.25%

The Bank of Israel cut short-term interest rates for the third straight time on Tuesday as price pressures remained contained, helped by a strong shekel FX_IDC:USDILS against the dollar.The central bank reduced its benchmark rate (ILINR=ECI) to 3.25% from 3.50%. It had cut rates in November and Jan…