Israel keeps rates unchanged to support inflation
Central bank expects price rises to be below target in the coming months
The Bank of Israel left its key interest rate unchanged at 0.1% after its monetary policy meeting on October 8 due to lower inflation expectations.
In August, the consumer price index recorded 1.2%, in the lower part of the 1–3% target band. The central bank expects inflation to fall in the short term. “In the coming months, there is likely to be a transitory decline in the inflation rate to below the lower bound of the target range,” it said in the policy statement.
As a result, “the monetary
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