Bank of Israel Cuts Rate to 3.5% and Signals More Easing Ahead
The Bank of Israel lowered its benchmark interest rate by a quarter point to 3.5%, its second straight cut, and Governor Amir Yaron signaled that rates can keep falling as inflation cools and a strong shekel does some of the central bank's work for it. The bank's own projections see the rate down at about 3% within a year, and Yaron said easing could come 'at faster paces' if inflation expectations drop toward target.

