Bank of Israel Takes Markets by Surprise With First Rate Hike in Seven Years

The decision to raise the lending rate to 0.25% from 0.1% is made before Amir Yaron takes over as governor

comments Print
In a surprise move, the Bank of Israel said Monday it was raising its benchmark interest rate to 0.25% from 0.1%, marking its first increase in more than seven years and setting off a sharp reaction from the...