- Bank of Israel cuts benchmark rates to 0.10% from 0.25%
Market news
6 April 2020
Bank of Israel cuts benchmark rates to 0.10% from 0.25%
- It marks the first rate cut in five years
- Announces it will expand plan through which repo transactions are carried out vis-à-vis financial entities, so that the agreements can include corporate bonds (in addition to government bonds) as security
- Says it will also provide monetary loans to banks for three-year term, with fixed interest rate of 0.1%
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