The Bank of Israel hiked benchmark interest rates to their highest level since 2006 on Monday, citing high inflation, and said upcoming data would determine whether it raised them further. The central bank lifted the key rate for the 10th policy meeting in a row, to 4.75 percent from 4.5 percent. All 15 economists polled by Reuters had projected the move. Despite the steep tightening cycle, Israel's annual inflation rate stood at 5 percent in April, near a 14-year high and well above the government's 1-3 percent target range. "Economic activity in Israel is at a high level, and is accompanied by a tight labour market, although there is some moderation in a number of i
Hence then, the article about bank of israel raises interest rate to highest since 2006 was published today ( ) and is available onThe New Arab ( Kuwait ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Bank of Israel raises interest rate to highest since 2006 )