Bank of Israel: Interest rate remains at 1.5% for May

By JPOST.COM STAFF
April 26, 2010 19:16




The interest rate for May will remain unchanged at 1.5 percent, Bank of Israel Governor Stanley Fischer announced on Monday afternoon.

Last month, the rate was raised as a result of increasing house prices.

Although stressing that the economy was doing well, the Bank of Israel emphasized that growth was partly dependent on international economic recovery, and not only Israel's own performance.


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