The hike, which was expected, was the central bank’s sixth straight since April and followed two straight increases of 0.75 point. Inflation, though, remained at a 5.1% rate in October.
Bank of Israel Deputy Governor Andrew Abir last month told Reuters he saw rates peaking at above 3.5%, with a hope that inflation will return to its 1-3% target range in 2023.
Source: Economy - investing.com
