Economic news
Investors are waiting for a slight rate increase from the Bank of Israel
2022.11.21 10:52
Investors are waiting for a slight rate increase from the Bank of Israel
Budrigannews.com – After a half-point rate increase to 2.75 percent on Monday, Deputy Governor Andrew Abir stated that the Bank of Israel is still in the process of front-loading interest rates and will likely raise rates to above 3.5%.
According to Abir, the monetary policy of the central bank preferred “to err on the side of making sure we get inflation down.”
He stated that this indicates that the benchmark rate would probably surpass the bank’s own economists’ predictions.
