Rates round-up: Israel surprises with larger hike

bank-of-israel4
David Vaaknin

Israel: The Bank of Israel raised its main rate by 40 basis points on May 23, surprising many analysts who had anticipated a smaller hike.

The action takes the main rate to 0.75%. Policy-makers highlighted “strong growth” and inflation that is now running above the upper bound of the target range as key factors in their decision. Inflation was 4% in April, and the target range is 1–3%.

The central bank said the shekel had weakened and short-term inflation expectations are now around the upper

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: