Bank of Israel holds rate at 3.25% after three cuts and lifts growth outlook

Bloomberg · 7 hours ago
Bank of Israel holds rate at 3.25% after three cuts and lifts growth outlook
  • The Bank of Israel held its base rate at 3.25% on Wednesday, pausing after three consecutive cuts.
  • The central bank expects the economy to grow 5.6% this year.
  • The decision came six days before Israel's most consequential election in recent years.
  • The hold matched the unanimous projection of 16 economists surveyed by Bloomberg.