Oil companies are expected to benefit from a bounce-back in oil and gas prices after a one-two punch of falling demand and prices put the industry in a tailspin last year.
While we're optimistic about vaccines and getting on a pathway to recovery, we're not there right now,
The shekel earlier in the day reached 3.11 per dollar, its strongest level since 1996. It changed directions after the bank's announcement, weakening to 3.19.
The central bank said the policy change would also support the economy against the ramifications of the COVID-19 crisis.
