Bank of Israel Maintains Status Quo
January 10, 2018
Having implemented three 25-basis point reductions per annum from 2011 to 2014 and one more 15-bp cut in February 2015, Israeli monetary officials have kept their central bank interest rate at 0.10% for almost three years. A released statement after their first policy review of 2018 observes that inflation is still under target, partly reflecting a 5% trade-weighted shekel rise over the past year, and preducts such will converge on target looking ahead because of accelerated wage growth and higher rental and energy costs. Economic growth is hovering around its potential trend.
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Tags: Bank of Israel
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