Bank of Israel cuts rates again; shekel rises
NEW YORK (MarketWatch) — The Bank of Israel cut its policy interest rate by 0.25 percentage point to 2.75% on Monday, as widely expected, citing a potentially greater impact on the local economy from the euro zone debt crisis and amid benign inflationary trends. The interest rate cut is the second such move by the central bank after it surprised markets with a quarter-point reduction in …
