Bank of Israel confirms looser stance
After first rate hike since 2011 in November, the central bank reaffirms accommodative approach
The monetary committee of the Bank of Israel kept interest rates unchanged at 0.25% after its policy meeting on February 25–26, citing weak inflationary pressures.
“After the annual inflation rate declined below the target range in December, it returned above the lower bound in January, and in the coming months it is expected to hover near it,” says the policy statement. Year-on-year inflation was 1.2% in January, just above the lower bound of the target range of 1–3%.
This somewhat weak
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