Israel holds the interest rate without change in the midst of anticipation of inflation

Israel kept interest rates unchanged for the ninth meeting, as the central bank awaited the inflation caused by the war before the start of the monetary policy thinning cycle. The Central Bank of Israel remained the basic interest rate at 4.5%, according to a statement issued on Monday, a decision in accordance with the expectations of all analysts in a survey conducted by “Bloomberg”. The Israeli economy has begun to recover from the pressure of conflicts with armed groups in Iran, after a ceasefire in Gaza and Lebanon. However, the annual inflation remains at 3.8%, which is higher than the official target of the country, ranging between 1%and 3%.