Monetary Committee lowers rate for second straight time despite political uncertainty, says inflation is easing and upgrades growth forecasts, but warns higher defense spending could widen the deficit and push prices up

Economists see another rate cut as inflation cools and growth slows, though a weaker shekel and election-year budget risks could stay the central bank’s hand

Monetary Committee lowers rate for second straight time despite political uncertainty, says inflation is easing and upgrades growth forecasts, but warns higher defense spending…

The Bank of Israel Monetary Committee, headed by Amir Yaron, announced that the national interest rate will be lowered once again to 3.5% as inflation declines and the shekel…

The central bank also revised down its deficit projections, but the change is conditional on Israel's defense spending remaining within the state budget. Both the IDF and Prime…