Israel committee see risks to inflation outlook rising

Arrows about to hit a sweating target

The risks of the Bank of Israel missing its inflation target increased in August, according to its monetary committee, a report on its latest meeting revealed today (September 7).

On August 24, the committee held the policy rate at 0.1%. At the meeting, its members expressed concerns over a host of developments, including a "sharp" decline in short-term inflation expectations.

Meanwhile, the report says, the committee agreed indicators of economic activity "point to some decline in the growth

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