Bank of Israel to Announce April-May Interest Rates Sunday

Most analysts expect the representative rate to be left at 1.75%, noting that the bank did not cut interest a month ago and the factors that would have supported such a cut are no longer as compelling.

The Bank of Israel is scheduled to announce the base interest rate for both April and May today, as part of a decision to skip interest rate revisions for May and October. Generally, the central bank sets rates once a month.