Israel Set to Hold Interest Rates

Bank of Israel holds rates but leaves hope for cuts this year
The Bank of Israel kept short-term interest rates unchanged for a ninth straight meeting on Monday, but held out the prospect for further easing this year should inflation pressures subside, despite the conflict in Gaza.
Israel Holds Rates as Bank Waits for War Inflation to Slow
Israel kept interest rates on hold for a ninth straight meeting, with the central bank waiting for war-induced inflation to slow before starting an easing cycle.
Bank of Israel holds rates ahead of budget approval
The decision to hold comes as Israel’s parliament, the Knesset, considers whether to approve the budget for the current financial year. The proposed package includes a range of tax rises and spending cuts as the authorities try to mitigate the impact on the economy from the wars with Hamas militants in Gaza and Hezbollah in Lebanon.
Bank of Israel leaves benchmark rate at 4.5%, citing moderate economic recovery
"The interest rate will be set in accordance with inflation converging to its target, continued stability in the financial markets, economic activity, and fiscal policy," the bank said.
Bank of Israel leaves borrowing costs unchanged at 4.5% after inflation rose to 3.8% last month
The post Bank of Israel leaves borrowing costs unchanged at 4.5% after inflation rose to 3.8% last month appeared first on The Times of Israel.
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