{"id":22620,"date":"2011-07-25T13:44:00","date_gmt":"2011-07-25T17:44:00","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?guid=d9a814722ba5eaf2bd46011664d0d77e"},"modified":"2011-07-25T13:44:00","modified_gmt":"2011-07-25T17:44:00","slug":"israeli-central-bank-holds-interest-rate-at-3-25","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/07\/25\/israeli-central-bank-holds-interest-rate-at-3-25\/","title":{"rendered":"Israeli Central Bank Holds Interest 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;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">The&nbsp;<a href=\"http:\/\/www.bankisrael.gov.il\/\" style=\"color: #3778cd; text-decoration: none;\">Bank of Israel<\/a>&nbsp;maintained its benchmark interest rate steady at 3.25%.&nbsp; The Bank noted: &#8220;Forecasters&#8217; inflation expectations for the next twelve months remained steady at slightly below the upper limit of the target range. &nbsp;Forecasters&#8217; inflation expectations and those derived from the capital market go together with the assessment that the Bank of Israel will continue to increase the interest rate, but at a slower pace than in the first half of the year.&#8221; &nbsp;The Bank also maintained the view that: &#8220;at the current level of the interest rate, monetary policy continues to be expansionary.&#8221;<\/span><\/span><\/p>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><\/span><\/span><br \/><a name='more'><\/a><\/div>\n<div><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\"><span class=\"Apple-style-span\" style=\"font-family: Verdana, Geneva, sans-serif; font-size: 12px; line-height: 16px;\">Previously the Bank also held its monetary policy <a href=\"http:\/\/www.centralbanknews.info\/2011\/06\/bank-of-israel-holds-benchmark-rate-at.html\">interest rate<\/a> unchanged at its June meeting, after increasing the&nbsp;interest rate&nbsp;by 25 basis points to 3.25% at its May meeting this year. &nbsp;Israel recorded annual inflation of 4.2% in June, slightly higher than 4.1% in May, and 4.0% in April and above the Bank&#8217;s inflation target range of 1-3%. &nbsp;Israel reported GDP growth of 4.8% (annualised) in the March quarter, meanwhile the Bank said that: &#8220;developments in debt crises, the weakness of the US economy, and geopolitical risks, increase uncertainty about the pace of economic growth.&#8221;<\/p>\n<p><a href=\"http:\/\/www.centralbanknews.info\/\" style=\"color: #3778cd; text-decoration: none;\" >www.CentralBankNews.info<\/a><\/span><\/span><\/div>\n<div class=\"blogger-post-footer\"><img width='1' height='1' src='https:\/\/blogger.googleusercontent.com\/tracker\/8290544642025682538-7039351080125834429?l=www.centralbanknews.info' alt='' \/><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;Bank of Israel&nbsp;maintained its benchmark interest rate steady at 3.25%.&nbsp; The Bank noted: &#8220;Forecasters&#8217; inflation expectations for the next twelve months remained steady at slightly below the upper limit of the target range. &nbsp;Fore&#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-22620","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22620","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=22620"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/22620\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=22620"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=22620"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=22620"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}