Central bank hopes to help stabilise markets as conflict in Gaza and global policy uncertainty continue
The Bank of Israel maintained its benchmark interest rate at 4.5% yesterday (May 26). The bank said its decision had been an attempt to reduce uncertainty and stabilise the financial markets as the war in Gaza continued.
In its statement, the bank said economic activity in Israel continued to recover despite high domestic and global uncertainty.
Annual headline inflation rose from 3.3% in March to 3.6% in April. This was above the bank’s 1–3% target, though lower than the 3.8% recorded in January
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