Bank of Israel increases size of QE programme
Yaron calls on government to act on worsening economic outlook as Israel suffers “second wave”
The Bank of Israel increased the size of its government bond purchases on October 22, citing the growing effects of the Covid-19 pandemic on the economy.
The Bank of Israel’s six-member monetary policy committee increased its government bond purchases by 35 billion shekels ($10.4 billion), but maintained its key policy rate at 0.1%. “The rapid indicators that we developed with the outbreak of the crisis, such as credit card purchases, mobility data and electricity consumption, point to a sharp
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