US EditionBank of Israel keeps rates on hold as inflation stays just above target range
ISRAEL, JUL 7 – The Bank of Israel maintained the interest rate at 4.5% for the 12th time as inflation eased to 3.1% but stayed above target amid moderate economic growth of 3.7%.
- On Monday, the Bank of Israel kept its rate at 4.5% for 12th straight meeting amid inflation easing to 3.1% in May and ongoing conflict with Hamas.
- Driven by inflation easing to 3.1% in May but remaining above the 1–3% target, and ongoing conflict with Hamas fueling economic uncertainty.
- Analysis reveals the Israeli economy grew at 3.7% in Q1 with the committee returning to six members, amid inflation at 3.1% above target.
- The Bank of Israel projects 3.3% GDP growth in 2025 and 4.6% in 2026, with debt-to-GDP rising to about 70% by end-2025.
- The Bank of Israel projects three rate cuts to 3.75% by Q2 2026 and inflation near 2.2%, balancing persistent inflation and ongoing conflict uncertainty.
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Bank of Israel holds interest rate at 4.5% amid fragile recovery
BOI keeps its key rate unchanged for a sixth straight decision, citing lingering inflation and geopolitical risk; Governor Amir Yaron signals upcoming rate cuts, projecting economic growth ahead if post-war stability holds
·Tel Aviv-Yafo, Israel
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Cleveland Jewish News
Cleveland Jewish NewsBank of Israel holds interest rate steady at 4.5%
The Israeli economy grew at a 3.7% annualized rate in the first quarter, while inflation in the past 12 months declined to 3.1%.The post Bank of Israel holds interest rate steady at 4.5% appeared first on JNS.org.
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