Gate.io data on February 24th, the Central Bank of Israel maintained the short-term interest rate at 4.5% for the ninth consecutive meeting on Monday, in line with market expectations. Despite the conflict with Hamas leading to economic growth weakness, inflation surged in early 2025. In January last year, as inflation eased, economic growth slowed down, the Central Bank of Israel lowered the interest rate by 25 basis points. However, it has since maintained policy stability and stated that it is not in a hurry to cut interest rates again while inflation remains above the target level. With tax revenues and water and electricity prices pumping at the beginning of this year, the annual inflation rate in January accelerated from 3.2% in December last year to 3.8%, the highest level since September 2023, exceeding the government's annual target of 1-3%. The annualized growth rate in the fourth quarter was 2.5%, far below expectations, and 1% for the whole year of 2024.
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以色列Merkez Bankası在通胀飙升后连续第九次按兵不动
Gate.io data on February 24th, the Central Bank of Israel maintained the short-term interest rate at 4.5% for the ninth consecutive meeting on Monday, in line with market expectations. Despite the conflict with Hamas leading to economic growth weakness, inflation surged in early 2025. In January last year, as inflation eased, economic growth slowed down, the Central Bank of Israel lowered the interest rate by 25 basis points. However, it has since maintained policy stability and stated that it is not in a hurry to cut interest rates again while inflation remains above the target level. With tax revenues and water and electricity prices pumping at the beginning of this year, the annual inflation rate in January accelerated from 3.2% in December last year to 3.8%, the highest level since September 2023, exceeding the government's annual target of 1-3%. The annualized growth rate in the fourth quarter was 2.5%, far below expectations, and 1% for the whole year of 2024.