Bank of Israel raises base rate a quarter point
The Bank of Israel raised its base interest rate by a quarter point on Monday to four percent, it said in a statement.
By Agencies |
JERUSALEM: The Bank of Israel raised its base interest rate by a quarter point on Monday to four percent, it said in a statement.
The bank said its governor, Stanley Fischer, took the decision after price rises took the annual inflation rate to five percent, spurred by increases in the prices of fuel and raw materials.
The bank is seeking to limit annual inflation in 2008 to between one and three percent.
The bank said its governor, Stanley Fischer, took the decision after price rises took the annual inflation rate to five percent, spurred by increases in the prices of fuel and raw materials.
The bank is seeking to limit annual inflation in 2008 to between one and three percent.
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