Israel's interest rate has increased. What does it mean?
The Bank of Israel interest rate will jump to 2.75% per year and the basic bank interest rate to 4.25%. Average mortgage repayments will increase by about NIS 200 per month.
Illustration photo of the new 100 Israeli Shekel bill. December 31, 2017.(photo credit: NATI SHOHAT/FLASH90)ByYEHUDA SHARONI/MAARIV
