Klein leaves February's interest rates unchanged

- Central Banking staff
- 28 Jan 2003

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Bank of Israel Governor David Klein decided Monday to leave the central bank's key lending rate unchanged for the month of February, and interest rates will stand at 8.9%.

Klein said that his decision was based on the instability of the Israeli market, as well as by the expected increased inflation in the coming twelve months. The inflation rate currently stands at 3.44% and the government's target inflation rate stands at 2-3%.

Last month Klein lowered interest rates by 0.2%, after a period of

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