Economics
Biggest Israel Rate Hike Since Fischer Comes With Tone Shift
- Third straight rate increase is in line with most forecasts
- Inflation has been above official target range since January
Israel’s central bank.
Photographer: Kobi Wolf/BloombergThis article is for subscribers only.
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Israel’s central bank issued tougher guidance as it raised interest rates by the most in over a decade, moving aggressively after the government’s collapse last week left officials to rely more on monetary tools to control above-target inflation.