Interest rate raised to 4%

Bank of Israel Governor Stanley Fischer raised the shekel interest rate for November by one quarter of a percentage point to 4 percent Monday, confirm

By DANIEL KENNEMER
October 24, 2005 22:22

 
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 experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • 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

Bank of Israel Governor Stanley Fischer raised the shekel interest rate for November by one quarter of a percentage point to 4 percent Monday, confirming expectations that he would anticipate a predicted raise in the dollar rate. "The Bank of Israel's models indicate the need to raise the interest rate to maintain price stability," the central bank said in a statement, noting that inflation expectations have risen over the past two months. The Bank of Israel set 1-3% inflation as the "price stability" target for the year. Israel's Consumer Price Index rose 0.1% in September, bringing inflation to 1.9% over the previous twelve months, due mostly to an unexpected 1.1% price surge in July.



More about:Stanley Fischer

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Jisr az-Zarq
April 3, 2014
Residents of Jisr az-Zarqa beckon Israel Trail hikers to enjoy their town

By SHARON UDASIN