The Bank of Israel’s decision to leave its key lending rate unchanged for April at 0.1%, and to refrain from a quantitative easing program, at least for the time being, has sent the shekel-dollar rate tumbling to below NIS 4.
After the representative shekel-dollar rate was set at NIS 4.018 this afternoon, already 0.86% below Friday’s rate, the exchange rate is now an additional 1.32% lower, at NIS 3.9648.
The representative shekel-euro rate was set at NIS 4.3737/€ this afternoon, 1.04% higher than Friday’s rate, but since the interest rate announcement the rate has fallen back 0.78%, to NIS 4.3397.
Published by Globes [online], Israel business news – www.globes-online.com – on March 23, 2015
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