August interest rate might be cut

23.07.2012                      04.Aw. 5772

Analyse:

August interest rate might be cut

A cheaper shekel makes Israeli imports more attractive, and lower interest rates in Israel reduce foreign demand for shekel-denominated investments.

Industry analysts think the Bank of Israel's monetary committee might decide today to cut the August interest rate by 0.25% to 2%. Last month, the panel lowered the rate from 2.5% to 2.25%. An official announcement of a decision by the monetary committee will be released today at 5:30 P.M., after the close of trade on the Tel Aviv Stock Exchange….