{"id":22154,"date":"2011-06-27T13:13:00","date_gmt":"2011-06-27T17:13:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=64241358e6f74872e69fabec889d69ef"},"modified":"2011-06-27T13:13:00","modified_gmt":"2011-06-27T17:13:00","slug":"bank-of-israel-holds-benchmark-rate-at-3-25","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/06\/27\/bank-of-israel-holds-benchmark-rate-at-3-25\/","title":{"rendered":"Bank of Israel Holds Benchmark Rate at 3.25%"},"content":{"rendered":"<p><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">The\u00a0<a href=\"http:\/\/www.bankisrael.gov.il\/\" style=\"text-decoration: none; color: rgb(55, 120, 205); \">Bank of Israel<\/a>\u00a0held its benchmark interest rate unchanged at 3.25%.\u00a0 The Bank noted: &quot;In the first half of the year the Bank of Israel raised the interest rate markedly. \u00a0At the same time, steps were taken by the Bank of Israel and the Ministry of Finance in the housing market. \u00a0In addition, the shekel appreciated over recent months and there was a decline in commodity prices. \u00a0The impact on inflation of these items is expected to be felt in the future. \u00a0In light of these issues, and the marked increase of risks in the global economy, it was decided to leave the interest rate at its current level at this time.&quot;<\/span><\/p>\n<div> <span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \"><br \/><\/span><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px; \">Previously the Bank increased the <a href=\"http:\/\/www.centralbanknews.info\/2011\/05\/bank-of-israel-lifts-interest-rate.html\">interest rate<\/a> by 25 basis points to 3.25% at its May meeting this year. \u00a0Israel recorded annual inflation of 4.1% in May, compared to 4.0% in April, and 4.3% in March; above the Bank&#39;s inflation target range of 1-3%. \u00a0Israel reported GDP growth of 4.8% (annualised) in the March quarter.<\/p>\n<p><a href=\"http:\/\/www.centralbanknews.info\/\"  style=\"text-decoration: none; color: rgb(55, 120, 205); \">www.CentralBankNews.info<\/a><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-8721664273455797495?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The\u00a0Bank of Israel\u00a0held its benchmark interest rate unchanged at 3.25%.\u00a0 The Bank noted: &quot;In the first half of the year the Bank of Israel raised the interest rate markedly. \u00a0At the same time, steps were taken by the Bank of Israel and the Min&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-22154","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22154","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=22154"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22154\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}