Israeli rates hit record low with half-point cut
Analysts were divided on whether the central bank would cut by more than a quarter-point. The central bank said that a fall in the consumer price index last month justified the more severe move of a 50 basis-point cut.
The consumer price index fell by 0.2% last month, but inflation for the year to February rose to 3.6%. The central bank said it expected inflation to fall further in March.
"The forces that served to
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