Bank of Israel Cuts Rate 25bps to 3.00%

The Bank of Israel cut its benchmark interest rate by 25 basis points to 3.00% from 3.25%. The Bank said: "The decision to reduce the interest rate for October to 3 percent is based mainly on the negative turnaround in the global economy, is consistent with the return of inflation to within the target range of price stability, and is intended to support growth while preserving financial...