Banik of Israel

Turning Point in Israeli Monetary Policy

September 26, 2011

The Bank of Israel surprised analysts with its first announced benchmark interest rate cut since March 2009.  In eight steps during the Great Recession, the key Israeli rate was slashed by 375 basis points from a prior cyclical high of 4.25%.  Israel was also aggressive in tightening subsequently.  A hike from 0.5% to 0.75% on […] More