Fischer Will Probably Pause With Israel Rate Increase on Shekel

Bank of Israel Governor Stanley Fischer will probably wait before raising interest rates for the 11th time in two years as the sovereign debt crisis in Europe and the shekel’s appreciation slows economic growth.

Fischer will keep the benchmark lending rate at 3.25 percent today after a quarter-point increase last month, all 23 of the economists surveyed by Bloomberg said. The central bank will announce the decision at 5:30 p.m. in Jerusalem.