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Bank of Israel pauses rate cuts amid political and currency risks
Original: Bank of Israel halts rate cuts as political and currency risks cloud outlook
The Bank of Israel has stopped cutting interest rates, holding its benchmark rate steady despite expectations of further easing. The decision reflects concerns that ongoing political tensions and pressure on the shekel could fuel inflation if the bank loosens policy too quickly. Officials signalled they would wait for calmer conditions before resuming rate cuts.
Why now: The central bank's unexpected pause signals worry about Israel's political situation and shekel volatility, affecting borrowers, markets and the economic outlook.
Evidence
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