Israel National NewsEconomy
Bank of Israel Cuts Interest Rate for Third Straight Time
Summarized from Israel National News by baba
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The Bank of Israel lowered its benchmark interest rate by 0.25 percentage points to 3.25% for the third consecutive time, citing low inflation. This decision will reduce the prime rate for loans and mortgages to 4.75%.
The story in 5 lines · by baba
- Bank of Israel cut interest rate by 0.25% to 3.25%.
- This is the third consecutive rate reduction.
- Prime rate for loans and mortgages will fall to 4.75%.
- Decision supported by 1.5% annual inflation rate.
- Business leaders expressed confidence in the Israeli economy.
Israel National News publishes in English. The key points are summarized above. Read Israel National News’s full report from the link at the top of the page.
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