- Total News Sources
- 4
- Left
- 1
- Center
- 3
- Right
- 0
- Unrated
- 0
- Last Updated
- 22 days ago
- Bias Distribution
- 75% Center
The Bank of Israel has decided to maintain its benchmark interest rate at 4.5% for the fifth consecutive meeting, amid rising inflation and ongoing geopolitical risks due to the Gaza conflict. Deputy Governor Andrew Abir indicated that rate cuts are unlikely until well into 2025, citing the need to stabilize markets and control price rises. Inflation has increased to 3.2% and is expected to exceed 3.5% due to a planned value-added tax hike. Fiscal uncertainty, including delays in the 2025 budget discussions, contributes to economic instability. The central bank is wary of the widening fiscal deficit, which has reached 8.1% over the last 12 months. Policymakers emphasize that lowering rates now could exacerbate inflation, particularly in housing costs.
- Total News Sources
- 4
- Left
- 1
- Center
- 3
- Right
- 0
- Unrated
- 0
- Last Updated
- 22 days ago
- Bias Distribution
- 75% Center
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