Bank of Israel expects 0.4% inflation for 2014
GDP expected to grow by 2.9%, bank says in monetary policy report
The Bank of Israel is expecting an inflation rate of 1.6% over the next four quarters, while GDP is expected to grow by 2.9% in 2014, the banks said in its monetary policy report for the first half of the year.
Inflation for 2014 is expected to be only 0.4% – the result of low domestic demand, continued moderation in the growth of rents, appreciation of the shekel and low inflation environment worldwide.
The Bank of Israel expects its benchmark interest rate to remain at 0.75% for the remainder
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Monetary Policy
Trump’s rate cuts ‘demand’ spells trouble for Fed – economists
Comments will cause problems for central bank and threaten its independence, academics claim
Singapore eases monetary policy for first time since 2020
Central bank slows exchange rate appreciation as core inflation falls and trade concerns loom
BoJ raises policy rate to highest level since 2008
Policy-makers raise inflation forecasts and signal further rate rises
Turkey’s central bank cuts rates by another 250bp
Second consecutive reduction comes despite inflation remaining at 44%
Norges Bank says time is not yet right for easing
Central bank holds rates, but suggests cut is likely in March
Bank of Israel governor hints at rate cuts this year
Yaron suggests up to two cuts in second half of 2025 as inflation edges towards bank’s target
Bank Negara Malaysia holds policy rate
Central bank has left key rate unchanged for 20 months against backdrop of strong growth
Large firms drive inflation in advanced economies – BIS study
Analysis of barcode scanner data finds pricing decisions by individual companies have outsize impact