Bank of Israel says rapid vaccination brightens outlook

David Vaaknin

The Bank of Israel says rapid vaccination makes a strong recovery increasingly likely in 2021.

The monetary policy committee left interest rates unchanged at 0.1% today (January 4).

“The fast pace of the inoculation process in Israel increases the optimism regarding a rapid return of the economy to a path of growth in the coming year,” it says. If vaccinations continue at a rapid pace, which the central bank thinks is the most likely scenario, GDP is expected to rise by 6.3% this year, and by

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