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The new, blue NIS 200 bills

The Bank of Israel kept its key interest rate unchanged at 0.1 percent this week but economists there hinted that after keeping the rate frozen for the past three and a half years, there may be a rise in the interest rate after the start of the new year.

The Bank’s economists said it intends to maintain its accommodative policy as long as necessary, in order to firmly stabilize the inflation environment within the target range.

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However, it was noted that the rise in the inflation environment has continued, and is moving toward entrenchment within the price stability target range.

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Hana Levi Julian is a Middle East news analyst with a degree in Mass Communication and Journalism from Southern Connecticut State University. A past columnist with The Jewish Press and senior editor at Arutz 7, Ms. Julian has written for Babble.com, Chabad.org and other media outlets, in addition to her years working in broadcast journalism.
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