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
The Bank of Israel’s governor has said it may cut rates in the second half of this year.
Speaking to US news network CNBC yesterday (January 21) on the sidelines of the World Economic Forum in Davos, Amir Yaron said one or two cuts were feasible as inflation came down to the central bank’s 1–3% target range.
Inflation fell to 3.2% in December, down from 3.4% in November. However, Yaron said he expected the figure to rise in the first half of this year, partly as a result of tax increases, before
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