Bank of Israel

October 26, 2015

Israel’s monetary policy rate will stay at 0.10% in November, its level since a 15-basis point cut announced in late February.  CPI inflation of 0.4% remains less than zero, and core inflation is at 1.0%.  Expected inflation is stable, and GDP is expanding moderately.  The official statement notes that monetary policy stances are still quite acommodative in advanced economies and that shekel strength may delay the return of inflation to target.

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

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