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EFTA00729830
% 2.5% 2.0% 1.5% 1.0% Bank of Israel Rate (BOI) 0.5% U.S. Federal Funds Rate 0.0% % 1 % 9 N9 <L. \ 2 9 bi 9 Co % 9 -0.5% (19 The Bank of Israel was the first in the western world to raise interest since the outburst of the economic crisis. The rate was raised gradually from 0.5% to 1.75%
EFTA00705916
. When the gas boom was over in the early 70s, the Dutch economy was in worse shape than when it started. In many ways, it still hasn't recovered. The Bank of Israel has dealt with a possible outbreak of the Dutch Disease in a report issued in April 2013. The bank recommended creating a sovereign wealth fund, or