Israel Keeps Rates on Hold on Uncertainty Over War in Gaza
The Bank of Israel has kept its interest rates unchanged for the 13th consecutive time. This decision was made amid concerns over the slowdown in the country's economy, as well as the ongoing uncertainty resulting from the nearly two-year war in Gaza. The central bank's monetary policy committee stated that the decision was taken due to the need to maintain stability in the face of the current economic conditions and the ongoing conflict. The committee also noted that the Israeli economy is experiencing a slowdown, which is likely to be temporary. Despite the uncertainty, the central bank has maintained its commitment to supporting the economy and ensuring financial stability. The decision to keep interest rates unchanged is seen as a cautious approach, as the policymakers weigh the potential impact of the war on the country's economic growth.
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