Only countries don't give a way silverware.
Posted on 02/23/2015 9:29:28 AM PST by Olog-hai
The Bank of Israel lowered its benchmark interest rate on Monday to an all-time low of 0.1 percent on Monday. The move came as a surprise, after 11 of 12 economists polled by Reuters had expected the central bank to stand pat.
The central bank cut the rate to signal its determination to push back against the negative inflation holding down the market towards its intended annual target of one to three percent.
Lowering the interest rate theoretically leads to an increase in demand within the market and helps increase prices towards the inflation target which the Bank of Israel set for the local economy. […]
Another reason for lowering the key rate, the Bank of Israel said, was further monetary easing by other central banks as inflation declines. …
(Excerpt) Read more at ynetnews.com ...
Only countries don't give a way silverware.
What is funny, is that an equivalent amount of silver coins (face value)from back then, would buy you about the same amount of gasoline today.
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