Pursuits
Bank of Israel Leaves Benchmark Rate Unchanged at Record Low
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The Bank of Israel left its interest rate unchanged a month after unexpectedly cutting the benchmark to near-zero to boost domestic demand.
The five-member monetary policy panel, led by Governor Karnit Flug, kept borrowing costs at 0.1 percent on Monday. Eighteen of 22 economists surveyed by Bloomberg had forecast the decision, while the remainder had predicted another cut.