The interest rate for June remained at 0.25%

The interest rate for June remained at 0.25%. The Monetary Committee of the Bank of Israel has determined this. The committee noted that it believes that the path of raising the interest rate in the future will be gradual and cautious, in a manner that will support a process that will eventually stabilize inflation around the center of the target range and in economic activity.
The inflation index remained stable above the lower limit of the target, and the April CPI was lower than the assessments prior to its publication, but the previous three-month indices surprised upward, and annual inflation is at a level similar to that of the last few months. Above the lower limit of the target, and expectations for the medium and long terms remained close to the center of the target. "
Regarding the exchange rate, the committee noted that "the shekel strengthened in terms of the effective exchange rate by 6 percent since the beginning of the year and by 1.2 percent since the previous interest rate decision.
The Committee also referred to the international environment and noted that "the risks to the global economy have increased, especially in view of the intensification of the war on trade, despite the fact that the growth data of the major economies in the first quarter were positive." The slowdown in global trade continues, including the emerging markets. And growth to most of the blocs. "