Israel keeps rates unchanged to support inflation

Central bank expects price rises to be below target in the coming months

bank-of-israel2
David Vaaknin

The Bank of Israel left its key interest rate unchanged at 0.1% after its monetary policy meeting on October 8 due to lower inflation expectations.

In August, the consumer price index recorded 1.2%, in the lower part of the 1–3% target band. The central bank expects inflation to fall in the short term. “In the coming months, there is likely to be a transitory decline in the inflation rate to below the lower bound of the target range,” it said in the policy statement.

As a result, “the monetary

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

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

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

.