*Finance Minister Bezalel Smotrich commented on the decision to lower the interest rate:*
“The governor’s decision to lower the interest rate is too little, too late.
The Israeli economy needs a sharper interest rate cut. For our part, as a government, we are managing the state budget responsibly, and the effect on the markets is clearly felt.
The governor should have lowered the rate more significantly in order to ease the burden on exporters, households, and business owners.”