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Article: Central bank drops rates to record low
- Article from:
- Jerusalem Post
- Article date:
- December 28, 2004
- Author:
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Jerusalem Post staff
Jerusalem Post
12-28-2004
Headline: Central bank drops rates to record low
Byline: Jerusalem Post staff
Edition; Daily
Section: Economics
Page: 17
Tuesday, December 28, 2004 -- Bank of Israel Governor David Klein lowered the central bank's key lending rate for January by 0.2 percentage point on Tuesday. It is now 3.7 percent, the lowest in the country's history.
The reduction was in line with analysts' expectations. They said Klein may decide to reduce rates by another 0.2 percent next month.
The Bank of Israel said that the move is in line with expectations that inflation will remain within the official target of 1% to 3% next year. It added that the decision was supported ...