Israeli rates rise as Fischer enforces third hike

fischer-stanley

Stanley Fischer, the governor of the Bank of Israel, has raised rates by a quarter point for the second straight month on signs of recovery becoming well entrenched and fears inflation could exceed the upper bound of the target range.

Fischer raised rates last Thursday after announcing the hike on 28 December. The move surprised the majority of economists surveyed by leading media, who largely predicted a hold, though a significant minority expected the move.

In justifying the decision, Fischer,

To continue reading...

You must be signed in to use this feature.

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: