Israeli lawmaker urges cbank to lower rates amid conflict

JERUSALEM, Oct 16 - The head of Israel's parliamentary finance committee on Monday called on Bank of Israel Governor Amir Yaron to lower short-term interest rates as one measure to help ease the burden on citizens impacted by the Israel-Hamas war.

Data on Sunday showed the rate eased to 3.8% in September from 4.1% in August, a level still above the government's 1-3% target range. "He is independent. I don't call him. I have a conversations with him," Smotrich said, adding there are three joint teams between the ministry and central bank working on behalf of the economy.

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