Bank of Israel Cuts Interest Rate 25bps to 2.50%

The Bank of Israel cut its benchmark interest by 25 basis points to 2.50% from 2.75% previously. The Bank said "The decision to cut the interest rate to 2.5 percent for February is consistent with the interest rate policy aimed at keeping inflation within the price stability target range and is intended to support real economic activity, against the background of the slowdown in global...