Israel's Central Bank in Jerusalem

Israel's Central Bank in Jerusalem

Ariel Jerozolimski/Bloomberg

The Bank of Israel has gradually lowered the key rate from 3.25 percent in 2011, including a surprise rate cut in September. A logo sits on display outside the headquarters of Israel's central bank in Jerusalem, Israel, on Monday, Aug. 19, 2013. Israel's shekel headed for the weakest level in almost a month on bets the Bank of Israel will continue to buy dollars to stem a rally in the best-performing major currency this year.