Bank of Israel keeps interest rates unchanged

Yaron warns government over fiscal policy as central bank cuts growth forecast

Photo: David Vaaknin

The Bank of Israel’s monetary policy committee decided to keep interest rates unchanged at 4.75% at its meeting on November 27.

This is the second time it has held rates since Hamas’s attacks on October 7 initiated the war between Israel and the terrorist group.

The BoI also revised down its growth forecast for the Israeli economy, while it maintained inflation projections unchanged.

Nonetheless, in a briefing after the meeting, governor Amir Yaron warned: “The effects of the war on the

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