Bank of Israel seen cutting key rate 0.25 point

TEL AVIV (MarketWatch) -- The Bank of Israel on Monday after the market closes is expected to cut its benchmark interest rate by 0.25 percentage point to 2.75%, reports say. A survey of analysts by Bloomberg News found that 17 of 21 expect the quarter-point cut and four expect the central bank to stand pat. The Israeli business daily Globes reported that the rate-cut expectations reflect declines...