Pod Save America Hosts Call on Democrats to Cut All Israel Military Aid, No Longer Accept AIPAC Funding
Jews, Israelis Targeted in Austria Amid Surge in Antisemitic Incidents; Local Jewish Community Calls for Action
‘All of Our Strength’: Over 1,000 Pro-Israel Activists Gather in DC for Solidarity Conference
‘Devastated’: Wesley LePatner, Killed in Manhattan Mass Shooting, Was a Jewish Communal, Philanthropic Leader
Sen. Angus King Vows to No Longer Vote for Israel Military Aid Until Gaza Conditions Improve
Europe Won’t Pressure Israel to ‘Commit Suicide’ Amid Gaza Backlash, Palestinian State Push, Says Israeli FM
Israel’s National Soccer Coach Attacked in Athens Before Soccer Fans Chant ‘F–K Israel, Free Palestine’ at Match
New York Judge Sentences Neo-Nazi to 5 Years for Livestreaming Bomb Threats Against Jewish Hospitals
US Pressures Lebanon to Issue Cabinet Decision to Disarm Hezbollah Before Talks Continue
UK Plans to Recognize Palestinian State in September Unless Israel Meets Conditions, Starmer Says
With Economy on Fire, Israel Likely to Raise Interest Rates
Error: Contact form not found.
by JNS.org
An Israeli flag flutters outside the Bank of Israel building in Jerusalem August 7, 2013.. REUTERS/Ronen Zvulun
JNS.org – The Bank of Israel is likely to raise interest rates slightly in the coming months and not make a significant increase since inflation is under control, said deputy governor Andrew Abir on Tuesday.
“We are just moving into the next step of our monetary policy and signaling to the market that we will start the slow, gradual process of adjusting interest rates. And it will probably start in the next couple of months,” he said in an interview with Reuters.
On Monday, the central bank kept its benchmark rate at 0.1 percent, though Abir said this was not going to continue as the economy grew at 8.1 percent in 2021.
According to the report, the increase could come when the bank makes its next decision on April 11, predicting that the rate would reach 1 percent by 2023.
Along those lines, he said: “We think the conditions will be ripe in the next few months to be able to start that process of raising the interest rate.”
