News  Sources

TEXT-Bank of Israel's statement after monetary policy meeting

  • The Bank of Israel held interest rates steady on Monday.
  • Economic activity continues to recover moderately in view of geopolitical developments.
  • Inflation is expected to continue moderating toward the target range during the coming months.
  • Israel´s risk premium is higher than in the prewar period.
  • GDP growth is expected to be lower than previously forecasted.
  • The new tariff policy announced by the US government is expected to moderate world trade and Israeli exports.
  • The Monetary Committee´s policy is focusing on stabilizing the markets and reducing uncertainty.

Original article source: https://www.dailymail.co.uk/wires/reuters/article-14579833/TEXT-Bank-Israels-statement-monetary-policy-meeting.html
Source Id: 8624458092

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