Bank of Israel raises interest rate to 4.75%, highest since 2006
Despite the rate hikes, Israel's inflation rate stood at 5% in April, near a 14-year high and well above the government's 1%-3% annual target range.
BANK OF Israel headquarters in Jerusalem: Israel’s favorable environment for economic development has been accompanied by an impressive improvement in the country’s credit rating, say the writers. (photo credit: YONATAN SINDEL/FLASH90)Updated: 
