People look towards smoke rising in Gaza as they sit at a viewing point on the Israeli side of the border. Photo: Reuters
Israel’s central bank kept interest rates unchanged for the 12th consecutive time, giving a recent rally in the shekel more time to slow inflation and pave the way for lower borrowing costs.
The Bank of Israel left its base rate on hold at 4.5pc yesterday, in line with estimates from all but one of 11 economists in a Bloomberg survey.
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