Bank of Israel lowers rate to 3.75%
Today, Monday, the Bank of Israel lowered short-term interest rates from 4% to 3.75%, marking the third reduction in six months, despite the ongoing war with Iran and regional tensions. Additionally, the annual inflation rate remained steady at 1.9% in April, within the target range of 1% to 3%. The shekel's recovery has caused it to strengthen against the dollar to its highest level in nearly three decades.
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