Klein leaves February's interest rates unchanged

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 o

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: