Minister Nir Barkat said the Bank of Israel's decision to cut the benchmark interest rate to 3.5% is insufficient, arguing the economy requires faster and deeper reductions to support growth. The central bank announced the cut yesterday, its second in a week.
Minister Nir Barkat criticized the Bank of Israel's decision to cut the benchmark interest rate to 3.5%, calling it insufficient for the economy's needs. The cut, announced yesterday, is the second in a week. Barkat's remarks follow earlier criticism from political commentator Yaakov Bardugo, who accused the bank's governor of playing politics, and from Finance Minister Bezalel Smotrich, who called the cut 'minimal.' The Bank of Israel has warned that the recovery depends on no renewed fighting.
- StrongBank of Israel Cuts Rate to 3.5%, Warns Recovery Depends on No Renewed Fighting
- DevelopingAnalysts assess Bank of Israel will cut interest rate by quarter point tomorrow
- DevelopingSmotrich criticizes Bank of Israel governor over 'minimal' rate cut
- DevelopingYaakov Bardugo: Bank of Israel governor playing politics, delaying rate cut to avoid helping government
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