Bank of Israel Cuts Benchmark Rate to 3.25% from 3.50%
The Bank of Israel announced a 25-basis-point reduction in its benchmark interest rate, lowering it from 3.50% to 3.25%. The move, confirmed in an official statement, marks a shift in monetary policy aimed at supporting economic conditions. The new rate takes effect immediately, reflecting the central bank's assessment of current inflationary and growth trends.
The Bank of Israel announced on [date] that it would lower its benchmark interest rate by 25 basis points, bringing the rate down from 3.50% to 3.25%. The decision, made during the central bank's regular monetary policy review, reflects an adjustment in its stance amid evolving economic conditions. The new rate is effective immediately.