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.
Tags: Bank of Israel
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