Israel's annual inflation rate settled at 1.9% in the latest reading, within the Bank of Israel's 1-3% target range and down from prior levels, as the central bank governor has signaled a potential rate cut ahead.
The annual inflation rate held steady at 1.9%, according to the Consumer Price Index reading broadcast on Monday. The figure remains within the Bank of Israel's 1-3% target range, extending a moderation trend from higher levels earlier in the year.
The steady inflation reading follows the Bank of Israel governor's public signal that a reduction in the benchmark interest rate may be forthcoming. The governor's guidance suggests the central bank sees room to ease monetary policy as price pressures cool.
As The Zioneer reported minutes earlier, the previous annual reading also stood at 1.9%. The persistence of the figure within the target band, combined with the governor's rate-cut signal, may strengthen expectations of a near-term policy change. No official decision has been announced. The next interest rate announcement is scheduled for later this month.
3 developments
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Source and signal
- Internal intake