Bank of Israel Holds Rates at 3.25% Ahead of Election
The central bank left its benchmark rate unchanged at 3.25% after three successive cuts, ahead of next week’s general election.
The Bank of Israel kept short-term interest rates unchanged on Wednesday, following three consecutive cuts. It paused ahead of next week’s general election despite stable inflation. As widely expected, the central bank held its benchmark rate (ILINR=ECI) at 3.25%. It had cut rates last November…