Jin10 data reported on September 29th, the Israeli Central Bank has maintained the interest rate unchanged for the 14th consecutive time, due to ongoing concerns that the war in Gaza over the past two years may impact the economy. The Israeli Central Bank kept the benchmark interest rate at 4.5%, in line with economists' expectations. Later on Monday, Israeli Prime Minister Netanyahu will meet with his staunchest supporter Trump, as the pressure to end the war in Gaza intensifies. Optimism over a possible eventual agreement, coupled with remarks from Washington, has driven the shekel to its highest level since mid-July.
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Due to the risks of the Gaza war, Israel maintains the Intrerest Rate.
Jin10 data reported on September 29th, the Israeli Central Bank has maintained the interest rate unchanged for the 14th consecutive time, due to ongoing concerns that the war in Gaza over the past two years may impact the economy. The Israeli Central Bank kept the benchmark interest rate at 4.5%, in line with economists' expectations. Later on Monday, Israeli Prime Minister Netanyahu will meet with his staunchest supporter Trump, as the pressure to end the war in Gaza intensifies. Optimism over a possible eventual agreement, coupled with remarks from Washington, has driven the shekel to its highest level since mid-July.