Bank of Israel deputy governor flags further possible rate cuts
Deputy governor Andrew Abir said the Bank of Israel could continue reducing short-term interest rates if price pressures remain stable, depending on the economy’s reaction to a third straight rate cut. Inflation was 1.5% in July.
By Steven ScheerThe Bank of Israel could continue reducing short-term interest rates should price pressures remain stable and depending on how the economy reacts to a third straight rate cut, deputy governor Andrew Abir said on Tuesday.Abir told Reuters that a low inflation rate of 1.5% in July, wh…