March 15, 2020 / 7:07 AM / 15 days ago

Bank of Israel says to buy government bonds to ease market volatility

JERUSALEM, March 15 (Reuters) - The Bank of Israel said on Sunday it would buy government bonds and carry out repo transactions aimed at moderating volatility in financial markets caused by the coronavirus outbreak.

The central bank said its measures would boost liquidity in markets and increase the effectiveness of monetary policy.

Reporting by Steven Scheer; Editing by Tova Cohen

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