Bank of Israel leaves interest rate unchanged

By GLOBES
August 26, 2013 23:07

In the second interest rate decision since Stanley Fischer stepped down as governor, the Bank of Israel has left its key lending rate unchanged at 1.25 percent for September.

Dr. Karnit Flug is currently acting governor of the central bank, pending a permanent appointment.

The BoI had been scheduled to make a single interest rate decision covering September and October, but the bank’s Monetary Committee has decided to revert to a format of 12 interest-rate decisions a year. The decision on the interest rate for October 2013 will be published at 3:00 p.m. on Monday, September 23, 2013.


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