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The Bank of Israel cuts its key interest rate by 0.25 percentage point to 2.5%, citing inflation...

The Bank of Israel cuts its key interest rate by 0.25 percentage point to 2.5%, citing inflation that's under control, declining house prices, and a slowdown in economic activity and demand. Israeli exporters also faces weakness and uncertainty in the global economy, particularly in Europe. Shekel +0.1% vs. the dollar. (PR)
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