After almost two years of interest rate hikes (starting in April 2022), and almost 4 years since the last interest rate cut during the COVID-19 crisis, the Bank of Israel decided today to reduce the base interest rate by 0.25 percentage points to 4.5%. This decision is due to a controlled inflation, with a forecast of 3.3% for the year (the target being 3%) and this despite the instability linked to the...
