Bank of Israel again holds rate steady
But MPC signals it is ready to end QE programme if economic recovery continues
The Bank of Israel’s monetary policy committee again postponed tightening monetary policy today (October 7), but signalled a willingness to end its government debt purchases.
The MPC voted to keep its policy rate at 0.1%, citing “challenges to economic activity”. It said it was prepared to end its purchases of government debt if Israel’s economic recovery continues.
“Continued economic activity and sound growth will make it possible to end the various quantitative easing programmess in the
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