The Bank of Israel cuts its benchmark rate 25 basis points to 2.25%, citing inflation "below the...

|By:, SA News Editor

The Bank of Israel cuts its benchmark rate 25 basis points to 2.25%, citing inflation "below the center" of the 1-3% target range, and, of course, nodding to slowing worldwide growth and the risks from Europe. The Bank expects Israeli growth to continue at the moderate pace of 3%.