Israel to Hold Rates, Lower Growth Forecast as Iran War Persists

Israel’s central bank is set to hold interest rates steady for a second consecutive time as the US-Israeli attacks on Iran keep fueling global and domestic inflation concerns.

The Bank of Israel will probably keep its base rate at 4% on Monday, according to all of the economists that participated in a Bloomberg survey. The BOI will simultaneously release updated macro economic projections for the first time since the conflict erupted on Feb. 28, followed by a press conference with Governor Amir Yaron at 4:15 pm local time.