The Bank of Israel announced that the interest rate in the economy will remain unchanged and will continue to stand at 4.5%. The bank disappoints some of the market analysts who expected a decrease, and everyone who holds a loan, mortgage or leveraged business owners.
Market analysts were divided regarding the expected decision, when the reasons for the rate cut include financial profit for economies the house and the business activity. A decision to lower the interest rates too early could harm the entire Israeli economy, and even contribute to the cost of living.