The average interest paid on current account balances also fell to 0.82% in June.
The average overdraft interest rate charged by banks fell by 0.2% in June 2007 to 9.45%, before the Bank of Israel interest rate hike at the end of the month. The average interest paid on current account balances also fell to 0.82% in June.
The maximum interest rate in the grey market fell to 15.1%.
Published by Globes [online], Israel business news - www.globes.co.il - on August 12, 2007
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