Israel holds rates as conflict continues
Central bank revises inflation and growth forecasts
Israel’s central bank held its benchmark rate at 4.5% today (October 10) after inflation rose above its 1–3% target range for the second consecutive month.
The Bank of Israel said it was focusing on stabilising the markets and reducing uncertainty in view of the country’s continued military operations in Gaza and Lebanon.
Headline inflation rose to 3.6% in August, up from 3.2% in July. The bank revised its annual inflation forecasts to 3.8% for this year and 2.8% for 2025.
The bank added that the
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