BREAKING NEWS

BoI increases interest by .25 percent

The Bank of Israel increaseed the interest rate for February 2011 by 0.25 percentage points to 2.25 percent, an official statement said Monday.
Average forecaster expectations for the next 12 month period set the inflation rate at 3%, the upper limit for target inflation range.
The Bank of Israel said that it's forecast for inflation in 2011 rests at 2.6%.
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