Bank of Israel interest rates

The Bank of Israel has decided to maintain its benchmark interest rate at 4.50% for the fourth consecutive meeting, citing ongoing geopolitical challenges like the conflict with Hamas. Despite expectations for stability, the bank prioritizes market stability and economic resilience amidst uncertainties. The decision reflects a commitment to stabilizing financial markets, monitoring inflation, and ensuring economic recovery while adjusting GDP growth projections downwards. The bank's stance is influenced by factors like inflation proximity to target range, financial market stability, and geopolitical tensions, indicating a cautious approach to monetary policy.