Israel raises interest rate for 2nd time in 2 months

JERUSALEM, May 23 (Xinhua) -- Israel's central bank on Monday raised the benchmark interest rate from 0.35 to 0.75 percent, in the second rate hike in two months, to curb the inflation.

Last month, the rate was raised for the first time since 2018, from 0.1 to 0.35 percent.