Bank of Israel narrow forum backs rate hike
All four members of the Bank of Israel's narrow forum tasked with making recommendations to the governor agreed to a 50-basis point rate hike, minutes from the central bank's interest rate meetings, published on Monday, said.
In the monthly narrow forum monetary policy discussion in the March 27 and 28, 2011 meeting, four members of management make recommendations to the governor regarding the appropriate rate of interest for the economy. The recent minutes show that at the end of discussions on
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