Bank of Israel

October 19, 2017

Israel’s key interest rate was left at 0.1% as expected. A released statement observed continuing sub-target inflation and a recently firmer shekel. Growth is in line with its potential non-inflationary pace and also more balanced than before. Home price inflation is a lessening concern to officials. The central bank interest rate has been at 0.1% since a 15-basis point reduction in February 2015, which followed rate reduction totaling 75 basis points in each of the prior four years through 2014.

Copyright 2017, Larry Greenberg. All rights reserved. No secondary distribution without express permission.

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