Bank of Israel

January 26, 2015

Israel’s central bank interest rate was left at the record low level of 0.25%, where such has been since a 25-basis point cut announced late last August.  An accompanying statement notes that both inflation and expected inflation continue to lie well below the 1-3% target range, that economic growth improved last quarter, and that trade-weighted depreciation of the shekel since August has been trimmed sharply from 10.4% as of this past December to 5.5% now.  The key interest rate was lowered from 3.25% to 0.25% between June 2011 and August 2014.  The next policy announcement will be made February 23rd.

Copyright 2015, Larry Greenberg.  All rights reserved.  No secondary distribution without express permission.



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