The Bank of Israel has kept the interest rate unchanged at 4.5%, as expected, for the seventh time in a row. The decision is aimed at stabilizing the markets and reducing uncertainty amidst the continuing war. Inflation has exceeded the target range and is expected to increase further in the coming months. The shekel has strengthened against major currencies since the last interest rate decision. The economy grew by 3.8% in the third quarter, but supply constraints continue to impact growth. The housing market has seen a moderation in home prices, but constraints on construction activity persist. The country's risk premium remains high despite a significant decline during the reviewed period.