Channel 13Economy
Bank of Israel Cuts Interest Rate to 3.75% in Second Consecutive Reduction
Translated & summarized from Channel 13 by baba
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The Bank of Israel reduced its interest rate by 0.25% to 3.75% on Monday, marking the second consecutive cut.
The story in 4 lines · by baba
- Bank of Israel cut interest rate by 0.25% to 3.75%.
- This is the second consecutive rate reduction by the central bank.
- The decision was announced on Monday afternoon.
- No additional details were provided at the time of the announcement.
The Bank of Israel announced on Monday afternoon that its Monetary Committee has decided to lower the national interest rate by a quarter of a percent, bringing it down to 3.75%. This marks the second consecutive rate cut by the central bank. Further details regarding the decision were not provided at the time of the announcement.
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