Fischer on challenges facing the Israeli economy

In the speech 'Overview and challenges facing the Israeli economy' given on 23 January Stanley Fischer of the Bank of Israel said looking forward, we estimate that the economy will grow this year by 4.6 percent and that inflation will reach the target range of 1-3 percent.

"In terms of inflation-over-the-past-12-months, this is expected only by the fourth quarter of the year. In any case, the Bank of Israel's policy is to adjust the interest rate gradually as and when needed, to avoid unnecessary

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