Shekel Still on the Rise
After BOI says it won't lower interest rate, shekel-dollar rate dips to NIS 3.93 per dollar.
After BOI says it won't lower interest rate, shekel-dollar rate dips to NIS 3.93 per dollar.
In what economists said was a surprise move, the Bank of Israel lowered the prime interest rate Monday to 1%.
Bank of Israel Governor Stanley Fischer has left the prime interest rate unchanged for the month of December.
After five months of holding the rate steady, the Bank of Israel on Monday lowered interest rates.
The Bank of Israel left the country's key interest rate unchanged for June 2012 at 2.5 percent for the fourth month in a row.