Bank of Israel governor raises interest rates by 0.25%
By JPOST.COM, SHARON WROBEL
August 24, 2009 18:13
Bank of Israel Governor Stanley Fischer raised interests by 0.25% on Monday, making Israel the first Western country to raise interest rates since the global economic crisis.
Fischer was expected to leave the rate unchanged in the midst of concerns about further shekel appreciation hurting exporters and a continued rise in unemployment.