Bank of Israel cuts key rate by 25 bps after Gaza ceasefire
It represents the first reduction in nearly two years, as a ceasefire in Gaza eased inflation and reduced geopolitical risk.
The Bank of Israel building is seen in Jerusalem June 16, 2020. Picture taken June 16, 2020. (photo credit: REUTERS/RONEN ZVULUN/FILE PHOTO)ByREUTERSUpdated: