Bank of Israel – Inflation Report (April-June 2010)
Israeli inflation in the next twelve months is expected to be about 2.6%, the Bank of Israel said on 3 August.
The central bank targets inflation of between 1% and 3%.
The effective shekel appreciation in the past few months and the negative output gap that still exists -- the effect of the global crisis on economic activity in Israel -- will help to restrain inflationary pressures. The central bank expects growth of 3.7% in 2010, and 4% in 2011. It said therefore that the output gap would
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