Israel justifies rate hold
The Bank of Israel on Monday explained why Stanley Fischer, its governor, opted to hold rates this month.
After raising the rate of interest in August by 25 basis points, to 1.75%, Fischer held rates for September.
Although the central bank has officially declared a commitment to "continue with the gradual process of bringing the interest rate back to a more ‘normal' level", uncertainty regarding the future rate of real economic activity lead to unanimous support for Fischer's decision to hold
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