Israel Delivers First Rate Cut Since Pandemic as War Rages

The central bank of Israel He warned that the government's fiscal response to the war against Hamas risks pushing the country deeper into debt and could be an obstacle to further monetary easing, after it cut interest rates for the first time since the height of the global pandemic. in 2020.

The monetary committee on Monday ended a pause in place since July and lowered its key interest rate to 4.5% from 4.75%, as the majority predicted. economists. The markets are bet rates will fall below 3.4% by the end of 2024.

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