Behind a Wordy Interest Rate Cut, a Sop to Industrialists

The Bank of Israel had a long list of reasons for its surprise decision, but most of them don’t make any economic sense.

comments Print
Anyone with a nuanced sense of humor might have been amused Monday, even to the point of laughing out loud, by the Bank of Israel's explanation of why it was lowering its base lending rate from 1.25% to just...