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Bank of Israel Leave Benchmark Rate at 4.5% (Est: 4.25%)

ISRAEL
  • Bank of Israel says in view of the war, the monetary committee’s policy is focusing on stabilizing the markets and reducing uncertainty, alongside price stability and supporting economic activity - Reuters News
  • Bank of Israel says the interest rate path will be determined in accordance with the continued convergence of inflation to its target, continued stability in the financial markets, economic activity, and fiscal policy
  • Bank of Israel says inflation expectations and forecasts for the coming year increased slightly, and are around the upper bound of the 1-3% target range
  • Bank of Israel says indicators of economic activity and the state of employment point to a gradual recovery following the sharp decline that took place with the outbreak of the war
  • Bank of Israel says there is a great amount of uncertainty with regard to the expected severity and duration of the war with Hamas
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