Bank of Israel minutes note that all MPC members voted to cut the benchmark interest rate by 25bps to 3.5% on July 6th
Newsquawk Staff ·
Bank of Israel minutes note that all MPC members voted to cut the benchmark interest rate by 25bps to 3.5% on July 6th.
What it means
The Bank of Israel's MPC unanimously decided to cut the benchmark interest rate by 25bps, indicating a consistent stance towards easing monetary policy. This decision could signal further easing expectations and shift market focus towards how the move might impact the shekel and broader regional economic sentiment, particularly considering global rate trends.
Sources
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