Stanley Fischer
Photo: Ido Erez
March interest rate remains at 1.25%
Bank of Israel says favorable CPI, inflation projections warrant leaving interest rate unchanged
Bank of Israel Governor Stanley Fischer has decided to leave the March interest rate unchanged at 1.25%, a Bank statement said Monday.
Market analysts predicted Fischer would leave the interest rate as is, as concerns of spiking inflation rates have lessened.
The bank further said that the decision coincided with "the gradual process of returning interest levels to 'normal' rates, meant to encase reintroduce inflation rates to their original goal and boost the market's recovery while supporting financial stability."
One of the reasons cited for the decision was the recent, encouraging CPI figures, which dropped 0.2%.
