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Bank of Israel leaves interest rate unchanged at 0.1%

Illustrative photo of the new 100 Israeli Shekel bill on December 31, 2017. (Nati Shohat/Flash90)
Illustrative photo of the new 100 Israeli Shekel bill on December 31, 2017. (Nati Shohat/Flash90)

The Bank of Israel leaves its benchmark interest rate at its all-time low of 0.1%, retaining the figure for the 12th consecutive meeting.

The bank’s monetary policy committee cut the rate from 0.25% to 0.1% at the start of the COVID-19 pandemic, and has left it in place ever since.

Economists expect that the Bank of Israel will increase the interest rate in 2022 or 2023.

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