The Israeli Central Bank proves the interest rate at 4.5%

The Central Bank of Israel announced that the interest rate was fixed unchanged at 4.5%, as expected. Israeli, analysts expect that inflation will be approaching the target scope is slower than they estimated before the price index data was issued to consumers for the month of April, expressing its concern about the repercussions of the expansion of the war on the Gaza Strip, the inevitable uncertainty and the financial effects accompanying that, along with the limited labor market.

& nbsp; The policy of the monetary committee focuses on the stability of the markets and reduces the uncertainty, in addition to maintaining the stability of prices and supporting economic activity, pointing out that the course of the interest rate will be determined according to the rapprochement of inflation from its target level, and the continued stability in the financial markets, the level of economic activity, and financial policy. The end of the fourth quarter of this year. This is much higher than the upper limit for the bank’s annual inflation goal, which is 1%-3%.

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