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In explaining its decision on the interest rate, the Bank said that economic activity continues to recover moderately in view of geopolitical developments.
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Despite geopolitical developments, economic activity is recovering at a moderate pace, explained the Bank of Israel.
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An increase in the value of the Shekel will surely be good news to Israeli consumers who have been suffering from inflation that resulted...
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The Bank of Israel stated that while October's CPI rose 0.5%, annual inflation remains above the target range at 3.5%.
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The decision not to cut the rate is seen as an indicator that the Bank is concerned about continued inflation in Israel
Business
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