JERUSALEM (Reuters) - Israel's central bank is expected to raise short-term interest rates by another quarter-point to a more than 16-year high next week, in what may be the last increase in an aggressive tightening cycle aimed at battling persistent inflation. | 07:19am
Israel's central bank is expected to raise short-term interest rates by another quarter-point to a more than 16-year high next week, in what may be the last increase in an aggressive tightening cycle aimed at battling persistent inflation.
Israel was upgraded from emerging to developed market in 2010, only country in that category in Mideast; move could strengthen shekel and open door for large amounts of passive inflows