The Bank of Israel has kept the interest rate unchanged at 4.5% for the eighth consecutive time. The decision comes after the rate was cut from 4.75% in January 2024. The bank also raised its growth forecast, with GDP expected to grow by 0.6% in 2024 and 4% in 2025. Inflation remains stable at 3.4% and is expected to moderate within the target range in the second half of the year.
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