Bank of Israel Cuts Interest Rate 25bps to 2.75%

The Bank of Israel cut its benchmark interest by 25 basis points to 2.75% from 3.00%. The Bank said: "The decision to reduce the interest rate to 2.75 percent for December is consistent with the interest rate policy that is intended to entrench the inflation rate within the price stability target of 1–3 percent inflation a year over the next twelve months, and to support growth while...