Bank of Israel cuts rates again, to lowest in nearly four years
Bank of Israel cut short-term interest rates for the third straight time, to the lowest level in nearly four years, citing contained price pressures helped by a strong shekel versus the dollar.
The Bank of Israel cut short-term interest rates for the third straight time on Tuesday, taking them to the lowest level in nearly four years as price pressures stayed contained, helped by a strong shekel against the dollar. The move came despite a global backdrop of tighter monetary policy in other economies.