Israel holds rates

The Bank of Israel decided on Monday to keep its interest rate at 4% as the strength of the shekel is counterbalancing rising prices and keeping inflation in check.

The central bank said that forecasters predicted the inflation rate would remain within the target range of between 1% and 3% at a rate of 2.6% and that its decision to maintain rates was "consistent with the achievement of the inflation target over the coming 12 months". It added: "It appears that the effect on prices of the weak

To continue reading...