Search JTA's historical archive dating back to 1923

News Brief

January 25, 2000
See Original Daily Bulletin From This Date

The new governor of the Bank of Israel cut the bank’s key lending rate by 0.4 percent to 10.3 percent. Economists and traders, who had expected a half-point reduction, said the cut announced by David Klein was too little, too late in light of low inflation rates. Israeli markets had widely expected a rate cut because inflation expectations for the year, at less than 2 percent, are well below the government’s 3 percent to 4 percent target.

Recommended from JTA