The Bank of Israel raised the interest rate by a quarter percent

Governor of the Bank of Israel, Stanley Fischer, the first time in four months, ordered to increase the minimum interest rate, trying to stop the rise in house prices, which, according to Fisher, could lead to a bubble in this industry. Recently, the minimum interest rate was suddenly increased by a quarter and is now 1.75%. In total five of the 16 experts surveyed by Bloomberg earlier, allow such a move on the part of Fischer, while 11 did not expect any changes. "He is very concerned about the situation with housing prices, and knows that the unstable state of the market caused by the current monetary policy", - said one of the experts predict this increase, an economist at the largest British bank HSBC Holdings Plc from Jerusalem Jonathan Katz. On this Site www.businessweek.com