• Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us
Sixsense News
Advertisement
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
  • Home
  • Business
  • Economy
  • Fintech
  • Finance
  • Insurance
  • Market
  • Startups
No Result
View All Result
Sixsense News
No Result
View All Result
Home Business

Bank of Israel again hikes rate by 0.75%

Globes correspondent by Globes correspondent
October 5, 2022
in Business
0

The Bank of Israel Monetary Committee, headed by Governor Prof. Amir Yaron, has raised the interest rate by 0.75% to 2.75%. This is the fifth rate hike made by the Bank of Israel since April, when it raised the rate from its historical low of 0.1% to 0.35%.

Related articles

U.S. has millions of missing workers—not because of COVID

March 30, 2023

Evercore ISI upgrades says it’s time to buy WMT on improving traffic trends

March 30, 2023

This is the second successive hawkish 0.75% hike, after the Bank of Israel raised the rate in late August. The Israeli central bank is striving to tackle inflation, which has been running at 4.5% over the past 12 months in Israel, well below the 8% in the US and more than 10% in many European countries, but still worrying.

The Bank of Israel said, “The Israeli economy is recording strong economic activity, accompanied by a tight labor market and an increase in the inflation environment. The Committee has therefore decided to continue the process of increasing the interest rate. The pace of raising the interest rate will be determined in accordance with activity data and the development of inflation, in order to continue supporting the attainment of the policy goals.”

The Bank of Israel Research Department revised its GDP growth forecast upwards by 1% to 6% in 2022, and lowered it by 0.5% to 3% in 2023. The Bank of Israel expects the inflation rate to be 4.6% in 2022, up 0.1% from its previous forecast in April, and to decline to 2.5% in 2023.

The Bank of Israel Research Department sees the interest rate at 3.5% in the third quarter of 2023.

Published by Globes, Israel business news – en.globes.co.il – on October 3, 2022.

© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.




Source link

Tags: BankhikesIsraelrate

Related Posts

U.S. has millions of missing workers—not because of COVID

by Chloe Taylor
March 30, 2023
0

Lifestyle choices are having more influence on people’s working patterns than any residual effects of COVID-19, a new study has...

Evercore ISI upgrades says it’s time to buy WMT on improving traffic trends

by Freddie Green
March 30, 2023
0

Evercore ISI thinks it's time for investors to consider scooping up shares of Walmart . Analyst Greg Melich upgraded the...

Futures rise ahead of key inflation data as bank fears ebb By Reuters

by Reuters
March 30, 2023
0

© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City,...

H & M Hennes & Mauritz AB (publ) (HNNMY) Q1 2023 Earnings Call Transcript

by Freddie Green
March 30, 2023
0

H & M Hennes & Mauritz AB (publ) (OTCPK:HNNMY) Q1 2023 Earnings Conference Call March 30, 2023 3:00 AM ET...

Edelweiss Financial board clears Rs 1,500 crore fund raising via NCD

by zee business
March 30, 2023
0

The board in its meeting on Thursday cleared the proposal of raising of funds by way of public issue of...

Load More

U.S. has millions of missing workers—not because of COVID

March 30, 2023

Does the Insurer in California Have Any Liability When It Suggests or Recommends a Contractor for the Repair Work? | Property Insurance Coverage Law Blog

March 30, 2023

Swiss authorities reveal cost of Credit Suisse’s liquidity lifeline By Reuters

March 30, 2023

Petrofac, Hitachi Energy win €13B deal to expand offshore wind capacity (OTCMKTS:POFCF)

March 30, 2023

Evercore ISI upgrades says it’s time to buy WMT on improving traffic trends

March 30, 2023

Futures rise ahead of key inflation data as bank fears ebb By Reuters

March 30, 2023
Sixsense News

© 2022 Sixsense News All Rights Reserved.

Navigate Site

  • Terms and Conditions
  • Privacy Policy
  • DMCA
  • Disclaimer
  • Cookie Privacy Policy
  • Contact Us

Follow Us

No Result
View All Result
  • #3158 (no title)
  • Business
  • Economy
  • Finance
  • Fintech
  • Insurance
  • Market
  • Startups

© 2022 Sixsense News All Rights Reserved.