Bank of Israel may raise interest rates soon
Media reports indicate that Israel’s central bank will soon raise rates to counter rising inflation.
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The Bank of Israel Israel may raise interest rates in response to inflation, indicating a departure from previous statements from bank officials.
The central bank’s deputy governor, Andrew Abir, told a press conference yesterday, “Due to recent inflationary developments, the process of monetary tightening might be faster than we thought,” the Israeli business news outlet Globes reported.