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Bank of Israel cuts interest rate to 3.75% to stop shekel from rising

Posted By admin On April 23, 2007 @ 7:14 pm In economy, feature | 1 Comment

Five earlier reductions didnít help. The current interest rate threatens inflation. Shekel rises because of Israelisí relative poverty and highly unequal income distribution: foreign investment and exports of a few large companies outpace consumer imports.

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URL to article: http://samsonblinded.org/news/bank-of-israel-cuts-interest-rate-to-375-to-stop-shekel-from-rising-175