Israel’s Fischer held in face of calls for second hike
The minutes of the Bank of Israel's latest monetary policy meeting show that the majority of senior officials wanted the central bank to raise rates for the second month in a row.
The minutes show three out of four participants called on the governor to raise rates in the meeting on the 23 and 24 September. However, Stanley Fischer, the governor, instead opted to hold rates.
Israel became the first developed economy to raise rates in the aftermath of the financial turmoil when it hiked by a
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