(Bloomberg) -- The Bank of Israel lowered its
benchmark lending rate by a quarter-point for June after six
earlier cuts failed to spark a depreciation of the shekel and
boost inflation back up into the target range.
The rate the central bank charges commercial lenders will
be lowered to 3.5 percent on May 31, a spokeswoman for the
Jerusalem-based bank said today. Eleven out of 12 economists
surveyed by Bloomberg last week forecast a 25 basis point
reduction, with one saying it would remain unchanged.
Read more at Bloomberg Emerging Markets News
benchmark lending rate by a quarter-point for June after six
earlier cuts failed to spark a depreciation of the shekel and
boost inflation back up into the target range.
The rate the central bank charges commercial lenders will
be lowered to 3.5 percent on May 31, a spokeswoman for the
Jerusalem-based bank said today. Eleven out of 12 economists
surveyed by Bloomberg last week forecast a 25 basis point
reduction, with one saying it would remain unchanged.
Read more at Bloomberg Emerging Markets News
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