Weak inflation keeps rates at record low in Israel
Bureau of statistics revised economic forecasts upwards in the face of solid growth
The Bank of Israel kept rates unchanged during the first half of the year at ultra-low levels despite solid economic growth, the central bank says in its latest monetary policy report.
Weak inflation led Israeli rate-setters to leave the key rate at 0.1% after the five policy meetings between January and July; the rate has remained unchanged since March 2015.
“The decisions were based on the low inflation environment,” says the report, published on August 12. In the first five months of 2018
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