Bank of Israel Cuts Interest Rates for First Time in 4 Years Amid Gaza War Economic Concerns
- Bank of Israel cuts interest rate by 0.25% to 4.5%, first rate cut in 4 years
- Rate cut due to easing inflation and concerns about economic impact of Gaza war
- Bank worried about sharp increase in government spending to fund war needs
- Interest rate cut comes as signs emerge of falling inflation
- Move aims to prop up economy amid concerns of slowdown resulting from Gaza war