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Euronews (English)
Euronews (English)
The Bank of Israel kept short-term borrowing rates unchanged for a third straight decision as expected on Monday, as policymakers worried about reigniting inflation despite a weakening economy as a result of Israel’s war against Hamas. The central bank held its benchmark rate at 4.75% – its highest level since late 2006. It had raised rates 10 straight times in an aggressive tightening cycle that has taken the rate from 0.1% last April before pausing in July and again in August. The inflation rate eased to 3.8% in September from 4.1% in August to remain above an annual target range of 1-3%. Is…