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Bethel Finance news:
The shekel was stable against the dollar in inter-bank trading this morning, and weakened against the euro. The shekel dollar exchange rate was up 0.01% at NIS 3.79/$, in comparison with Friday's representative rate, and the shekel euro exchange rate was up 0.30% against the euro at NIS 5.05/€.
The euro weakened following reports that the IMF is planning to offer Italy €600 billion in aid ($794 billion) if the country's debt crisis continues to worsen.
The Bank of Israel is expected to lower the interest rate for December today. A "Bloomberg" survey found that analysts believe that the interest rate will be lowered by 25 basis points to 2.75%.
The interest rate is expected to be lowered due to worsening falls on financial markets and concerns about a recession in Europe and an economic slowdown in the US in 2012, which would affect Israel's export-based economy.
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