Bank of Israel to maintain interest rate at 4.5% in unanimous vote

Investing.com -- The Bank of Israel’s Monetary Policy Committee unanimously decided to maintain the benchmark interest rate at 4.5% on April 7, the details of which were disclosed in the meeting minutes released by the central bank on Monday.

The committee, comprised of five members, is primarily focused on stabilizing markets and reducing uncertainty, in addition to maintaining price stability and supporting economic activity, according to a statement from the bank.

The bank’s statement also clarified the factors that would influence future decisions regarding the interest rate. It stated that the interest rate trajectory will be determined based on the alignment of inflation with its target, the continued stability in the financial markets, economic activity, and fiscal policy.

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