Roni Brick, president of the Builders Association of Israel, said the Bank of Israel must continue lowering the interest rate to 2.5% by year's end. He also urged the government to cut taxes on investment in rental apartments and restore a reduced tax track for developers who commit to five-year rentals. 'We've been reporting for four years about the destructive effect of high interest rates,' he added, according to N12.
The Bank of Israel cut its benchmark interest rate by a quarter point to 3.5% earlier today, as The Zioneer reported. Roni Brick, president of the Builders Association of Israel, responded by calling for further reductions to 2.5% and tax reforms to boost rental housing construction. Earlier reactions included Lahav chair Attorney Roey Cohen criticizing the cut as insufficient, and Dubi Amitai, chairman of the Business Sector Presidency, welcoming it as enabling growth. The Zioneer has reported extensively on the economic debate surrounding the rate decision.
- DevelopingAnalysts assess Bank of Israel will cut interest rate by quarter point tomorrow
- DevelopingBank of Israel Cuts Interest Rate to 3.5%, Expects Two More Cuts in 2026
- DevelopingLahav chair: Bank of Israel rate cut insufficient, half-point reduction was needed
- StrongDubi Amitai: Rate cut 'enables business sector to invest, hire, return to growth'
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