Central Bank Voted Unanimously To Raise Base Rate By 25bp On Apr 3

The minutes of the Bank of Israel's most recent monetary policy meeting showed that the decision to increase the base rate by 25bp to 4.50% was unanimous.

• "The discussion focused on the inflation environment in Israel and worldwide, alongside an examination of the domestic economic activity level and the labor market. The Committee also discussed global economic activity, which continues to be moderate, and its impact on the domestic economy, the housing market, and the decline in the volume of transactions, and the domestic capital market."
• "The Committee discussed the inflation rate in Israel being above the upper bound of the target range. The inflation rate over the preceding 12 months declined slightly in February but by less than previously assessed, and it remains at a high level (5.2 percent)."
• "The interest rate path will be determined in accordance with activity data and the development of inflation, in order to continue supporting the attainment of the policy goals."
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