Bank of Israel cuts rates for second straight meeting
The Bank of Israel cut its policy rate by 0.25 percentage points for the second consecutive meeting. This marks the fourth reduction since November.
Topic cluster
declining
2 sources grouped by AFBytes in Economy
AFBytes briefing
Lower borrowing costs can ease mortgage payments and support housing affordability for Israeli households.
Key entities
- Bank
- Israel
What to watch next
- Watch the next Bank of Israel monetary policy statement for signals on the pace of further cuts.
- Watch the Bank of Israel policy statement for forward guidance on the pace of further easing.
Bank of Israel expected to cut rates again
The Bank of Israel is expected to lower its benchmark rate for a second consecutive meeting. The prior cut was 0.25 percentage points in late May.