Bank of Israel Retains 0.10% Policy Interest Rate

April 16, 2018

The last central bank interest rate change in Israel was a cut of 15 basis points in February 2015 to 0.10%. Previously the rate had been lowered by 75 basis points per year in 2011-14. The latest policy review reaffirmed the need for continuing an accommodative stance. Although inflation early in 2018 was a shade above what officials were anticipating, such remains below target, and so does expected inflation a year out. The shekel has been steady since the last policy meeting, Israel’s housing market is slowing, and the momentum of global growth may be cooling, according to a released statement.

Copyright 2018, Larry Greenberg. All rights reserved. No secondary distribution without express permission.



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