Bank of Israel slashes rates to 0.1%

Ynet|
The Bank of Israel announced it is cutting interest rates to 0.1%, hoping to help the coronavirus-battered economy weather the crisis.
The Bank said the crisis has “led to a shock in capital markets in Israel and worldwide, with steep declines in equity prices and an increase in volatility and risk.”
It said GDP contracted by 5% in the first quarter of 2020, and 5% negative growth is predicted for the next quarter as well.
Comments
The commenter agrees to the privacy policy of Ynet News and agrees not to submit comments that violate the terms of use, including incitement, libel and expressions that exceed the accepted norms of freedom of speech.
""