Bank of Israel willing to hike rates in 2019 – minutes

David Vaaknin

The Bank of Israel is open to increasing interest rates in the coming months, say minutes of the last monetary policy decision, held on July 8.

Back then, the monetary policy committee left rates unchanged at 0.25%. “Even though the inflation environment has been stable for several months within the inflation target range, there is currently particularly high uncertainty regarding economic developments in Israel and abroad,” it argued.

However, one of the five members of the committee

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