Page 3 - இஸ்ரேல் கவர்னர் அமீர் யாறோன் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Bank of Israel s Yaron says fiscal restraint needed to curb debt
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Fighting with Hamas, weak Q1 may dent 2021 Israel economic growth
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CPI up 0.3% in April, well below expectations
The Consumer Price Index has risen 1.1% since the start of 2021, while housing prices have risen 4.5% over the past year.
Israel s Consumer Price Index (CPI) rose 0.3% in April 2021, the Central Bureau of Statistics reports, well below the analysts consensus of 0.6%. Since the start of 2021, the CPI has risen 1.1% and over the past 12 months, the CPI has risen 0.8%.
The relatively low inflation figure for April, strengthens the Bank of Israel s belief that inflation has stabilized at between 1% and 2.5% annually. According to the most recent statement by Bank of Israel Governor Amir Yaron, it would take a real jump in inflation to change policy. It seems that the Bank of Israel was right and the 0.6% rise in the CPI in March was a temporary aberration.
Low inflation to keep Israel rates accommodative - central bank chief
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Middle EastLow inflation to keep Israel rates accommodative -central bank chief
Steven Scheer
5 minute read
Israel s economy is recovering quickly from the COVID crisis but interest rate increases are some way off given inflation is expected to stay well contained, Bank of Israel Governor Amir Yaron said.
Yaron said policymakers have once again begun to focus on inflation after the consumer price index turned positive in March for the first time in a year at an annual rate of 0.2%. The rate is projected to enter the official 1-3% annual target range soon and stabilize around 1.6% for the next few years, based on bond yields.