Bank of Israel held its benchmark rate at 0.25% confusing analysts' expectations

Foreign market interference is probably the most effective way to lift inflation and boost the economy of Israel, while interest rate cuts remain on the agenda, a voting member of the monetary policy committee of the Bank of Israel said.

Andrew Abir, head of the market operations department of the central bank, said inflation remained well below the1%-3% target at an annual rate of 0.4% in October, and further appreciation of the she....