Bank of Israel keeps interest rate at 0.1%

The Bank of Israel announces it will not change the interest rate, keeping it at 0.1 percent.

According to the bank’s Monetary Committee, the economy grew in the first quarter of 2017.

“The labor market continues to convey a very positive picture and is near full employment,” the bank says in a statement.

“There are signs of the housing market cooling off, but it is too early to conclude that the trend of increases has halted,” it adds.

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