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International Investing / Tel Aviv Stock Exchange (Israel)


Subject:  Bank of Israel cuts rate to 4.25% Date:  1/29/2007  1:16 PM
Author:  menachembenyakov Number:  11 of 18

Fischer cuts interest rate

The rate was cut by 0.25%. It will now be 1% below the Fed rate, for the time in Israeli history.

Governor of the Bank of Israel Prof. Stanley Fischer cut the February interest rate by 25 base points to 4.25%, following December's cut of 50 base points to 4.5%. The interest rate will now be 1%