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.

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