Israel leaves rates at 4%

The Bank of Israel's rate-setting board voted on Monday to hold its benchmark rate at 4%.

"There are currently opposing forces acting on inflation," the central bank said. Domestic prices are rising against a backdrop of rapid growth and the cost of certain imported goods has gone up because of the rise in energy and food prices worldwide. But the central bank expects prices affected by exchange rate developments will become more moderated because of the continued weakness of the dollar world

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