27.10.2009 Uncategorized No Comments

Bank Of Israel keeps interest rates on hold for November.

The Bank of Israel yesterday agreed to keep interest rates on hold at 0.75% for the month of November.

Most analysts expected this, but there were a few who thought interest rates would have to rise to keep inflation under control.

This may be good news for your mortgage rate now, but it is highly expected that rates will rise over the course of the next few months. Some predict interest rates will reach 1.75% by the middle of 2010.

I wouldn’t like to second guess the Bank of Israel considering how unpredictable they have been in recent times.

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