As expected, the Bank of Israel slashes its benchmark rate 25 basis points to 2.75%. This...

|By:, SA News Editor

As expected, the Bank of Israel slashes its benchmark rate 25 basis points to 2.75%. This follows September's surprise cut. Chief among the bank's concerns is the weakening global economy, with the EU being at the forefront. Israel ETF: ISL -22% YTD.