Bank of Israel Holds Interest Rates at 3.25 Percent
The Bank of Israel kept its benchmark interest rate unchanged at 3.25 percent amid ongoing geopolitical tensions and a looming election. Governor Amir Yaron emphasized the need for caution following recent rate cuts as economic uncertainty persists.
The Bank of Israel held short-term interest rates steady at 3.25% on Wednesday, prioritizing stability ahead of national elections. The decision followed three consecutive rate cuts executed in May, July, and September. Economists surveyed by Reuters had unanimously anticipated no change in monetary policy.
