This is the sixth time this year that the Bank has raised the rate.
The Bank of Israel kept the interest rate unchanged for the month of September 2016.
The higher rate is good news for Israelis with dollar accounts and for U.S. tourists.
The Cabinet Monday evening passed a two-year budget, nearly five months late, with tax hikes and across-the-board cuts in spending, Only one minister voted against the budget, the second and last time it will cover two years instead of one. Finance Minister Yair Lapid, who is chairman of the Yesh Atid party, said after the […]