The Bank of Israel kept its policy rate steady at 4.75% on September 4, pausing for the second consecutive meeting. However, the central bank’s monetary committee warned it could not rule out more hikes later.

The decision followed reports that governor Amir Yaron would announce he will not seek a new term later this year, which the central bank denied. Yaron himself told Bloomberg TV that he would “figure out what are my next steps regarding that” in the coming weeks.

In its monetary policy