Live Breaking News & Updates on Central Bureau Of Statistics Business Tendency

Israel holds rate but ends business lending program
     Israel s central bank left its key interest rate unchanged, as expected, and while it reiterated it will continue to conduct a very accommodative monetary policy for a prolonged time it also began unwinding some of its extraordinary easy monetary policy by wrapping up a lending program.
     Bank of Israel (BOI) kept its interest rate unchanged at 0.10 percent, unchanged since April last year when it was cut for the first time in five years in response to the hit to economic activity from the COVID-19 pandemic.
      The rapid recovery of economic activity continues, BOI said, adding there were not any material restrictions on economic activity at this point. ....

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