BUSINESSTIMES OF ISRAEL
Central bank trims borrowing costs to 2022 low, sees room for further rate cuts
The Bank of Israel cut its benchmark interest rate to 3.5%, the lowest since 2022, signaling potential for further reductions. However, the Finance Minister and manufacturers criticized the decision, arguing it does not address the needs of businesses and households.
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Related Signal
Adjacent reporting
- The Federal Reserve is quickly running out of reasons to cut interest rates
- China Lets Policy Loan Rate Fall to Record Low to Boost Economy
- Americans’ savings rate falls to lowest level since 2022
- Interest rate cut 'off the table' for now, says Andrew Bailey with Bank of England expected to keep rates at 3.75% for rest of the year
- Bill Dudley Sees No Good Reason for Warsh to Cut Rates