Israel’s Yaron adopts cautious stance in first meeting
Central bank on hold as downside risks threaten the outlook
Amir Yaron emphasised the need for a cautious approach to further rate hikes in remarks after his first monetary policy meeting as governor of the Bank of Israel.
The Bank of Israel implemented a surprise 15-basis point hike at its last meeting, before Yaron had taken office. In the intervening six-week period, “quite a few significant economic events occurred”, the new governor said, noting the recent volatility in markets worldwide and in Israel. Today (January 7), policy-makers chose to keep
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