Since the last interest rate decision the shekel has weakened by 3.1 percent in terms of the effective exchange rate, and by 1.6 percent against the dollar.
“The Monetary Committee intends to maintain the accommodative policy as long as necessary in order to entrench the inflation environment within the target range. "
"Housing market data have indicated moderation in demand for homes... and continued decline in the flow of new mortgages taken out."
The Bank of Israel kept the interest rate unchanged for the month of September 2016.
Iran, a member of OPEC, is not as worried about the plummeting price of crude oil as its regional neighbors -- it has other sources of income.
Do the government’s inflation and unemployment figures really give an accurate picture of the economy? Also find out how to manage your money when you live outside the United States
We would see a massive transfer of wealth away from the banks and the government and the stock market and real estate which will all crash and back to the wage earning middle class who would then be earning gold.
Printed from: http://www.jewishpress.com/news/breaking-news/bank-of-israel-keeps-interest-rate-unchanged/2018/02/26/
Scan this QR code to visit this page online: