Israeli Monetary Policy
August 24, 2010
The Bank of Israel yesterday announced no change in the 1.75% Policy Rate, which had previously been raised by 25 basis points each in August, November and December of 2009 and March and July of this year. A statement from the Bank called policy still “expansionary” and spoke of an uneven normalization process that now under way. Global and domestic uncertainties made a pause in tightening seems sensible this month.
Copyright Larry Greenberg 2010.
Tags: Israel