Governor of the Bank of Israel Amir Yaron stated that it is too early to consider cutting interest rates in Israel, comparing it to putting out a fire with gasoline. He also criticized the composition of the 2025 budget. Yaron estimated that inflation would rise in the near term due to the increase in the rate of VAT but should decline afterwards. He emphasized the importance of reducing the gap in economic growth caused by the war. Yaron also discussed the interest rate gaps between Israel and other markets and the impact of President Trump's policies on the global and Israeli economy. He addressed surplus profits in the banking sector and the need to improve competition and financial awareness.