Published 2 years ago

Bank of Israel Hikes Interest Rate by 0.75%, Citing High Inflation

Summary by Ground News

Monetary Committee of Bank of Israel decided Monday (Oct. 3) to increase the interest rate by 0.75 percentage points, to 2.75%. Inflation in Israel is above the upper bound of the target range at 4.6 percent over the past 12 months. The shekel was particularly weak, dropping by 8 percent against the US dollar.

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Jewish Press

Bank of Israel Hikes Interest Rate by 0.75%, Citing High Inflation

Inflation in Israel is “above the upper bound of the target range” at 4.6 percent over the past 12 months.

2 years ago

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Globes

Bank of Israel again hikes rate by 0.75%

The Bank of Israel has raised interest rates for the fifth time this year. The Research Department raised its growth forecast for 2022 and kept its inflation forecast virtually unchanged.

2 years ago

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