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Bank of Israel stays on hold as inflation stabilizes

The Bank of Israel has decided to keep interest rates unchanged for the seventh consecutive meeting. Inflation has stabilized in the last two months despite the country's war with Hamas in Gaza and fighting with Hezbollah. The central bank is also concerned about Israel's investor risk premium, which has increased since the war began. Annual inflation in October remained at 3.5%, above the government's target range of 1-3%. The economy showed signs of rebounding in the third quarter with an annualized growth rate of 3.8%.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14123469/Bank-Israel-stays-hold-inflation-stabilizes.html
Source Id: 8428154105

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