Flug

Traders expect Flug to drop interest rate to a new historic low

The strong shekel, however, has cut into Israel's competitiveness on global markets and been a drag on exports, a crucial component of the economy.

|ByNIV ELIS
Karnit Flug
Karnit Flug

Bank of Israel lowers interest rate to record .1%

Although the shekel is far weaker than it was last summer, having depreciated 10.4 percent between August and December against a basket of currencies, it has appreciated 7.6% since December.

|ByNIV ELIS