Israel likely to keep interest rates steady at 4 percent
The Bank of Israel is expected to hold rates at 4.0% as the Iran conflict drives up oil prices. Rising military spending and inflation risks have stalled cuts.
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The Bank of Israel is widely expected to maintain its short-term interest rates for the second consecutive month as the ongoing conflict with Iran fuels concerns over rising inflation. According to a recent survey of 13 economists, the central bank is projected to keep its benchmark rate at 4.0% during its upcoming meeting on Monday.
