The Bank of Israel held rates near zero for the 13th time to support the economy’s recovery from Covid-19, and said it would intervene as needed to rein in a strengthening shekel.
The Bank of Israel didn’t announce any new policies to tame the rising shekel, one of the best-performing major currencies in the world this year, saying it would continue “to act taking into account the state of the economy and the continuation of economic activity.”
All 16 economists surveyed by Bloomberg predicted the Bank of Israel would maintain the base rate at 0.1%
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