Bank of Israel lowers interest rates again - Israel Business, Ynetnews
 
ynetnews
web


   Israel News

Israel News
World News
Israel Opinion
Jewish
Israel Business
Israel Culture
Israel Travel
Global Crisis

Interest rates by month
Interest rates by month 
 
 

Bank of Israel lowers interest rates again

Rate reduced to 2.5 percent 'to strengthen economy's ability to cope with implications of global crisis'

Associated Press
Published: 11.24.08, 19:14 / Israel Business

The Bank of Israel says it has lowered interest rates by a half percentage point for the second time this month in the context of the world economic meltdown.

 

In a statement Monday, the bank said it reduced its rate to 2.5 percent "to strengthen the economy's ability to cope with the implications of the global financial crisis."

 

The bank said the reduction would help cut credit costs and counter inflation pressures.

 

Israel's banking industry has not suffered the same problems faced by its larger counterparts in the US and Europe, but the government officials are concerned a recession will reach Israel.

 

Last month the bank cut rates by a quarter of a percentage point.

 

commentcomment   PrintPrint  Send to friendSend to friend   
Tag with Del.icio.us Bookmark to del.icio.us




 

RSS RSS | About | Contact Us | Privacy Policy | Terms of use | Advertise with us | Site Map

Site developed by  YIT Advanced Technology Solutions

 
פיקוד העורף התרעה במרחב:
    רשימת יישובים במרחב