Bank of Israel to hold rates, vaccinations to fuel economic rebound | Reuters
The Bank of Israel is expected to leave short-term interest rates unchanged this week for an eighth straight meeting amid an economic rebound thanks to a rapid COVID-19 vaccination roll-out.
All 16 economists polled by Reuters believe the monetary policy committee (MPC) will keep the benchmark rate (ILINR=ECI) at an all-time low of 0.1% when the decision is announced on Monday at 4 p.m. (1300 GMT).
The next policy move is widely expected to be a rate hike but not until at least 2022.
Israel's economy grew an annualised 6.5% to end 2020 on a positive note, the Central Bureau of Statistics said on Sunday in its third estimate of the October-December period. The gain followed a 42.3% surge in the third quarter.
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