Interest rate “lowest ever”


Acting governor of the Bank of Israel Meir Sokoler cut the interest rate by 0.2 percentage points yesterday, leaving the country with its lowest-ever rate of 3.5 per cent.

The gap between the US Federal Reserve`s interest rate and that of Israel`s central bank has now narrowed to only 1.25 per cent, another historic low.

Source: Haaretz



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Posted on Jan 27, 2005
Region: Israel