Font Size: A A A
Go to:
×
Voyage Search
General Shipping Search
Please select a port in Israel
Please select a port overseas
Exports from Israel
Imports to Israel
Tools & Calculators
Currencies
Update date: 29.01.2020
Currency Rate % Change
USD 3.455 -0.087
EUR 3.8023 -0.233
GBP 4.4944 -0.522
100 JPY 3.1686 -0.129
Currency calculator
Calculators
length area vol. weight
cm
m
km
inch
foot
yard
mile
Clear
square cm
square m
square km
square inch
square yard
square mile
Clear
cc
litre
cubic m
cubic inch
cubic yard
gallon
Clear
kg
short ton
long ton
lb
oz
Clear
Volume Weight Calculator
Ports' Workplan

The Monetary Committee keeps the interest rate for May 2014 unchanged at 0.75%

For a second straight month, the bank of Israel left the interest rates steady due to economic growth
04.05.14 / 10:05
The Monetary Committee keeps the interest rate for May 2014 unchanged at 0.75%
04.05.14
The Monetary Committee keeps the interest rate for May 2014 unchanged at 0.75%

The Bank of Israel (BOI) left its main interest rates steady for a second straight month on Monday, citing faster economic growth in the first quarter and stable inflation.

 

In a statement the Bank of Israel noted "Data which became available this month indicate that in the first quarter there was some acceleration in the expansion of the economy," The BOI also noted that growth was led by domestic demand and services exports while goods exports were at a virtual standstill. In its statement, the bank noted that inflation expectations in a year's time were below 2 percent - the midpoint of the government's annual target of 1-3%.

 

The inflation rate edged up to 1.3% in March. Israel this month revised up economic growth for the final quarter of 2013 to an annualized 3.2% rate from a prior estimate of 2.7%. The decision to keep the interest rate for May 2014 unchanged at 0.75 percent is consistent with the Bank of Israel's monetary policy, which is intended to entrench the inflation rate within the price stability target of 1–3 percent a year over the next twelve months, and to support growth while maintaining financial stability.

 

The path of the interest rate in the future depends on developments in the inflation environment, growth in Israel and in the global economy, the monetary policies of major central banks, and developments in the exchange rate of the shekel.

 

×