Bank of Israel unlikely to raise rates in the near future, says governor

Israel sees monthly inflation drop below target range

David Vaaknin

The governor of the Bank of Israel has said interest rates will not be raised in the near future, local media outlets have reported.

Governor Amir Yaron said in a statement issued to local media on July 31 that he estimated he expected “there will be no interest rate hike for a prolonged period”. He said this was due to a surprising easing of inflation pressures and major central banks pursuing looser monetary policies.

Since the BoI’s most recent policy rate decision, inflation has fallen to

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