Bank of Israel maintains stimulus despite rapid vaccination
GDP shrank by 2.4% in 2020, less than previously forecast
The Bank of Israel kept its monetary policy stimulus unchanged after its policy meeting today (February 22).
As a result, interest rates remain at 0.1%. The central bank’s monetary committee warned the economy was still facing risks, despite the high rate of vaccination.
“The fast pace of the inoculation process in Israel increases the optimism regarding a rapid return of the economy to a path of growth in the coming year. However, the risks to economic activity remain high,” says the policy
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