February 24, 2025 14:04 GMT
ISRAEL: BoI Expect Inflation to Enter Target Range in H2-2025
ISRAEL
Highlights from the policy statement:
- In view of the continuing war, the Monetary Committee’s policy is focusing on stabilizing the markets and reducing uncertainty, alongside price stability and supporting economic activity.
- The interest rate path will be determined in accordance with the convergence of inflation to its target, continued stability in the financial markets, economic activity, and fiscal policy.
- Economic activity continues to recover moderately in view of geopolitical developments.
- Inflation is expected to enter into the target range in the second half of the year.
- The labor market remains tight, as indicated by unemployment, job vacancy, employment, participation, and wage data.
See the full release here.
102 words