Bank of Israel cuts interest rates, inflation stable despite Iran war
The Bank of Israel has decided to cut interest rates while maintaining stable inflation levels despite ongoing tensions due to the Iran war. This decision comes as exporters have urged the bank to take action to support the economy. The country is experiencing an improved credit rating, indicating a favorable environment for economic development.
- ▪The Bank of Israel has cut interest rates.
- ▪Inflation remains stable despite the Iran war.
- ▪Exporters have requested intervention in the foreign exchange market.
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Bank of Israel cuts interest rates, inflation stable despite Iran warExporters have called on the Bank of Israel to lower rates or intervene in the foreign exchange market.Follow us on Google BANK OF Israel headquarters in Jerusalem: Israel’s favorable environment for economic development has been accompanied by an impressive improvement in the country’s credit rating, say the writers. (photo credit: YONATAN SINDEL/FLASH90)
Excerpt limited to ~120 words for fair-use compliance. The full article is at The Jerusalem Post | JPost.com.