Bank of Israel Keeps Interest Rate Steady

JERUSALEM (Reuters) – All five members of the Bank of Israel’s Monetary Policy Committee voted to keep the benchmark interest rate unchanged at 4.5% on April 7. The minutes of the meeting were issued by the central bank on Monday.

The committee’s focus is on stabilizing markets and reducing uncertainty, alongside price stability and supporting economic activity, according to a statement from the bank.

“The interest rate path will be determined in accordance with the convergence of inflation to its target, continued stability in the financial markets, economic activity, and fiscal policy,” the statement said.