The Bank of Israel on Monday decided to lower interest rates, following the US deal with Iran, eased global geopolitical tensions, and a stable inflation environment, and said it sees the economy growing at a slightly faster pace this year. The central bank reduced interest rates from 3.75 percent to 3.5%, the lowest level since November 2022. It marked the third rate cut this year, after borrowing costs for households and businesses came down in May and January.