Bloomberg News

ISRAEL DAYBOOK: Central Bank Cuts Rate Amid European Slowdown

January 24, 2012

(ILGD <GO> for Israel Finance Ministry)

(ECO IS <GO> Israel Economic releases)

(BOIJ <GO> for Israel Central Bank)

(MET <GO> and EXTRA <GO> for Middle East turmoil)

Jan. 24 (Bloomberg) -- The Bank of Israel reduced its benchmark interest rate 25 basis points to 2.5 percent, saying the European debt crisis remains a threat to domestic growth. Ten of 23 economists surveyed by Bloomberg predicted a cut, and the remainder forecast no change.

--Editors: Susan Lerner, Claudia Maedler

To contact the reporters on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net; Sharon Wrobel in Tel Aviv at swrobel4@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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