Bank of Israel - Inflation Report Q1 2010
The Bank of Israel published its first quarterly Inflation Report for 2010 on Monday, giving its latest indication it was prepared to increase interest rates further despite growing unrest in Europe.
In its assessment of the global economy the central bank said it would continue to increase the interest rate gradually at a rate determined by the inflationary environment and growth outlook in Israel.
However, CPI inflation declined by 0.9% in the first quarter of 2010 after CPI rose by 3.2% in
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