Israel holds rates, citing war’s impact on growth and prices
Central bank says economic activity has declined and inflation risks are biased to the upside
The Bank of Israel has held rates at 4%, citing the impact on the economy of the country’s ongoing war with Iran.
“The military operation has broad economic implications for real economic activity, and there was a marked decline in activity with the outbreak of the confrontation,” the central bank said in a statement on March 30. “Since the last interest rate decision, there has been an increase in the inflation environment, mainly due to the marked increase in global energy prices.”
The bank has
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