Bank of Israel raises interest rate by 0.25%

By GLOBES
May 23, 2011 18:58

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The Bank of Israel on Monday raised the interest rate for June by 25 basis points to 3.25%.

Over the past few days, analysts have been divided on whether the Bank of Israel would raise the rate or leave it unchanged.

In citing the main considerations behind the decision, the Bank of Israel mentioned that it was part of its strategy of returning interest rates "to a more normal range intended to position inflation firmly within the target range, and to support the further recovery of economic activity, while maintaining financial stability."

Related Content

Breaking news
July 20, 2018
Top Senate Democrat says Trump shouldn't meet with Putin again

By REUTERS