No let-up in Gaza war, Israel moves to protect its economy

August 25th, 2014  
News Manager

Topic: No let-up in Gaza war, Israel moves to protect its economy

By Nidal al-Mughrabi and Jeffrey Heller GAZA/JERUSALEM (Reuters) - Israeli air strikes killed at least nine Palestinians in the Gaza Strip and militants kept up cross-border rocket fire on Monday as Israel moved to cushion its economy against the effects of a war now in its seventh week. Egypt pressed on with efforts to broker a durable truce, and the Bank of Israel, fearing the conflict would slow economic growth, cut its benchmark interest rate by a quarter-point to 0.25 percent, its lowest level ever. Gazans said they received new recorded messages on mobile phones and landlines saying Israel would target any house used to launch "terror attacks" and telling civilians to leave areas used by militants. Locals told Reuters a member of the Hamas militant group that dominates Gaza lived in one of the dwellings.


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