Fischer keeps interest rate at 3.5%

From: Jerusalem Post | Date: May 24, 2005| Author: | Copyright information

DANIEL KENNEMER
Jerusalem Post
05-24-2005
Headline: Fischer keeps interest rate at 3.5%
Byline: DANIEL KENNEMER
Edition; Daily
Section: Economics
Page: 17

Tuesday, May 24, 2005 -- In his first interest rate decision as Governor of the Bank of Israel, Stanley Fischer maintained the rate at a record low of 3.5 percent, a move which matched analysts' predictions. This is the fifth month in a row that the rate has been left unchanged.

The central bank commented that the current nominal short-term interest rate continues to be consistent with expected inflation, which is hovering near the mid-point of ...

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