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Bank of Israel leaves interest rates unchanged, as expected.
(From Israel Business Arena)
Byline: Globes correspondent
The Bank of Israel today announced that it had left its key interest rate for December unchanged for the fifth consecutive month, at 9.1%. The announcement was widely expected in the market.
Earlier this month, the US Federal Reserve cut its key interest rate by 0.5% to 1.25%, widening the gap between US and Israeli rates to 7.85%. …
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