Bank of Israel Key Rate Kept Steady at 1.25%

January 26, 2010

Following three 25-basis point rate increases implemented last August, November and December, analysts had been split over whether a fourth increase would be announced this week.  The Bank of Israel instead kept policy steady and released a statement that ties the timing of future increases to inflation, domestic and global growth, and the trend in the major central bank interest rates.  A gradual return to a normal level of Israeli rates should double such to about 2.5% over the coming twelve months.

Copyright Larry Greenberg 2010.  All rights reserved.  No secondary distribution without express permission.

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