Israeli economy and budget will remain resilient, says Yaron

Bank of Israel governor expects inflation will return to target on schedule

The Bank of Israel
Photo: David Vaaknin

Israel is well prepared to shoulder the costs of the Gaza war, Bank of Israel governor Amir Yaron said in on October 15. “The Israeli economy is strong and stable,” he said.

Speaking remotely to the G30 Forum, a gathering of finance and economics experts, Yaron said Israel had a long history of managing wartime fiscal impacts. “There should be no major changes to our fundamental fiscal position,” he added.

Yaron said the war has not altered the central bank’s inflation outlook, which expects

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