Friday July 25, 2014
Israel Hayom
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25.07.2014
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Fischer's New Year surprise: Interest down to 1.75%

Bank of Israel governor defies expectations by announcing a fall of 0.25 points from the current 2% • Bank adjusts growth outlook up to 3.8%, mainly due to gas production from the Tamar field • Says the interest rate reduction will prevent a rise in unemployment.

Zeev Klein

Bank of Israel Governor Stanley Fischer lowers the interest rate for January.
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Photo credit: Sasson Tiram
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