"The interest rate increases were due to inflation, and the reality has changed. I turn to the governor: just lower the interest rate," said committee chairman Moshe Gafni during a session to discuss compensation for those impacted by the fighting.
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. Finance Minister Bezalel Smotrich, who was participating in the panel's session, rejected Gafni's call to demand Yaron lower rates. Gafni also called on banks to waive interest payments and said he was not satisfied with a central bank plan issued on Sunday.
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