Sunday, March 24, 2013

DailyMarkets.com - Israel Holds Rate, Still Too Early To Say If Corner Turned

DailyMarkets.com - Israel Holds Rate, Still Too Early To Say If Corner Turned

Israel Holds Rate, Still Too Early To Say If Corner Turned

Posted: 24 Mar 2013 04:26 PM PDT

     Israel’s central bank held its policy rate steady at 1.75 percent, saying inflationary expectations were stable and economic activity continues to improve but it was still too early to determine if activity is on an upward trajectory and the economy has turned the corner, the same view the bank had last month.
    The Bank of Israel, which cut rates by 100 basis points in 2012, said the global macroeconomic picture was mixed, and while there are signs of a recovery … [visit DailyMarkets.com to read more] or compare Credit Card Rewards or Best Credit Cards
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