Economy10:44 · Jul 7
Tel Aviv Stocks Fall as Bank of Israel Cuts Interest Rate, Dollar Strengthens
YnetCenter
Translated & summarized from Ynet by baba
The story · English
Trading on the Tel Aviv Stock Exchange is experiencing declines following the Bank of Israel's decision yesterday to reduce the interest rate by 0.25 percentage points to 3.5%. The TA-35 index dropped by 1.5%, the TA-125 fell by 1.6%, and the TA-90 decreased by 2%. Concurrently, the US dollar has strengthened against the shekel, trading around 3.02 shekels per dollar.
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