Bank of Israel interest rate to increase by an additional 0.5%
A further increase in the interest rate may reduce the effects of inflation, but it will have a negative impact on the recipients of loans and mortgages.
Source: jpost.com
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Bank of Israel to raise interest rate for the fifth time since April
To combat the ever-rising rate of inflation — which was last recorded at 5.1% as of October — the Bank of Israel will raise its interest rate on Monday.
Source: jpost.com
Analysts divided on Monday's Bank of Israel rate hike
Some analysts see the Bank of Israel Monetary Committee raising the rate by 0.75%, others by 0.5%.
Source: globes.co.il
Analysts in Israel see 0.5% rate hike in October
Bank Leumi chief economist Gil Bufman expects the Bank of Israel to raise the interest rate by a further 0.5% to 2.5% at the Monetary Committee's next meeting on October 3.
Source: globes.co.il
Analysts see substantial economic slowdown on horizon
The surprisingly high US inflation reading for May has led to expectations of more aggressive interest rate hikes.
Source: globes.co.il