Israel holds rates at 4.25%

The Bank of Israel's rate-setting board voted on Monday to keep rates at 4.25%, despite concern over rising inflation.

Consumer prices rose by 0.6% in December, putting inflation at 3.4% for last year - above the 3% upper limit of the central bank's target range.

But the central bank expects inflation to fall back within the target range in the second half of 2008 and to be 2.5% for the year.

"The decision to leave the interest rate unchanged is intended to bring inflation, measured over the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to print this content. Please contact info@centralbanking.com to find out more.

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@centralbanking.com

You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/

If you would like to purchase additional rights please email info@centralbanking.com