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All bank of Israel MPC members voted to cut key rate to 3.75% in May, minutes show

BY Reuters | ECONOMIC | 06/08/26 06:56 AM EDT

JERUSALEM, June 8 (Reuters) - All four members of the Bank of Israel's Monetary Policy Committee voted to lower the short-term interest rate to 3.75% from 4% on May 25, according to minutes of the meeting issued by the central bank on Monday.

The MPC had cut the key rate in November and again in January but then stood pat the subsequent two meetings before easing policy again in May due to stable inflation around a 2% rate.

(Reporting by Steven Scheer; Editing by Emelia Sithole-Matarise)

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