Israel’s Yaron Says Rates High Enough to Help Ailing Shekel
- Key rate ‘in restrictive territory,’ governor tells Bloomberg
- Bank of Israel chief says will decide on future in two weeks
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Israel’s interest rates are high enough to bolster the shekel and ensure inflation slows to 3% or less by early next year, according to the country’s central bank governor.
“We believe the current rate is in restrictive territory,” Amir Yaron told Bloomberg Television from Jerusalem.