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CB Governor Says Real Rates Will Reach Around Zero, Or Slightly Above

ISRAEL
Amir Yaron of Bank of Israel spoke earlier on Bloomberg US TV:
  • DETERMINED TO BRING INFLATION BACK INTO TARGET
  • REAL RATE WILL HAVE TO BE AROUND ZERO, OR SLIGHTLY ABOVE
  • EXPECT INFLATION TO BE WITHIN TARGET AROUND SUMMER 2023 (BBG)
  • “Interest rates are likely to be at that higher level for a while until we actually see inflation really stabilizing around and inside our target range."

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