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Bank of Israel keeps benchmark interest rate at 0.75 percent
The Bank of Israel left its benchmark interest rate at 0.75 percent for a second straight month on Monday, signalling it still expects moderate economic growth and stable inflation.

 

All 13 economists polled by Reuters had expected no rate change. The central bank cut its key rate in a surprise move in February on concerns that inflation had eased too much, and held rates steady a month ago.

 

Inflation edged higher to an annual rate of 1.3 percent in March and bond yields forecast inflation of 1.5 percent in a year's time. (Reuters)