Israel Kicks Off Year by Hiking Rate to Highest Level Since 2008
Israel raised interest rates to their highest level since 2008 and signaled they’ll remain elevated for some time, leading global central banks expected to extend a monetary tightening cycle to tackle faster inflation.
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### Instruction: Israel Kicks Off Year by Hiking Rate to Highest Level Since 2008

### Response: Israel raised interest rates to their highest level since 2008 and signaled they’ll remain elevated for some time, leading global central banks expected to extend a monetary tightening cycle to tackle faster inflation.