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Karnit Flug

Traders expect Flug to drop interest rate to a new historic low

The strong shekel, however, has cut into Israel's competitiveness on global markets and been a drag on exports, a crucial component of the economy.

Karnit Flug

Bank of Israel lowers interest rate to record .1%

Although the shekel is far weaker than it was last summer, having depreciated 10.4 percent between August and December against a basket of currencies, it has appreciated 7.6% since December.

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