Shekel gains leave Bank of Israel cautious over rate hike
Minutes from the Bank of Israel's broad and narrow forum discussions released on Monday showed the majority of participants recommended keeping interest rates on hold at 2% in order to avoid a further appreciation of the shekel.
The record of the discussions, which took place on 26 and 27 December, showed participants expressed their fears that a further increase in the interest rate would cause a further appreciation of the shekel as widening the interest rate differential would encourage
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