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Bank of Israel Holds Rate at 3.25%
The Bank of Israel decided to keep the key interest rate at 3.25%, despite a slowdown in inflation and its stabilization within the targeted range. This decision comes amid political and security uncertainties ahead of the Knesset elections scheduled for October 27. The bank stated that its policy aims to achieve price stability and support economic activity, with future interest rate paths determined based on developments in inflation, the economy, and geopolitical conditions. Data indicate that the annual inflation rate was 1.6%, with the Consumer Price Index decreasing by 0.5% in September. Economic growth is expected to remain high, with projections of 5.6% GDP growth in 2026 and 7.5% in 2027, showing a divergence between overall growth and domestic economic activity.
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