Bank of Israel sees ‘Brexit’ increasing risks to outlook


It is "too early" to assess whether the short-term effect of the UK's decision to leave the European Union on financial markets has "run its course", the Bank of Israel's monetary committee said today.

It warned uncertainty around the vote increased the risks to the outlook for both inflation and growth in Israel, as it held its policy rate at 0.1%. Meanwhile, in the short term, volatility "remains high", governor Karnit Flug noted.

"It is still difficult to know what the final short-term

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