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Zenger
Zenger
Business
JNS Reporter

‌Bank Of Israel Maintains Steady Interest Rate As Inflation Shows Signs Of Moderation‌

Bank of Israel Inflation Israel the Bank of Israel GDP BoI
Photo of currency. Research Department of Bank of Israel forecasts GDP projections, expects 3% growth in 2023 and 2024. HAMZA BAIG/UNSPLASH. 

The Monetary Committee of the Bank of Israel decided on Monday not to raise the interest rate, leaving it unchanged at 4.75% following 10 consecutive hikes.

According to a statement released by the central bank, inflation, though still high over a wide range of CPI components, is moderating. Inflation over the past 12 months was 4.6%, according to the BOI.

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