Economics
Bank of Israel Clings to Currency Interventions With Rates Held
- Central bank using foreign-currency purchases to weaken shekel
- Bank of Israel extends its interest-rate pause to over a year
Bank of Israel Governor Amir Yaron
Photographer: Bloomberg/BloombergThis article is for subscribers only.
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The Bank of Israel prolonged its interest-rate pause to over a year after almost doubling the pace of foreign-currency purchases and pinning much of the blame for weak inflation on gains in the shekel.