The Bank of Israel left its benchmark interest at 1.5 % on Monday despite higher-than-expected inflation.
CPI inflation for March rose by 0.9%, slightly more than forecasts, which predicted an increase of between 0.6% and 0.8%.
The most notable rise was that of the housing component, which increased by 1%. Inflation in the past twelve months was 3%, the upper limit of the central bank's inflation range. Excluding the effects of government actions, inflation was 2.6%.
GDP growth was slightly belo