Central Banks

Bank of Israel Warns of More Rate Hikes If Shekel Slides Further

Israel central bank headquarters in Jerusalem, Israel. — Israel central bank headquarters in Jerusalem, Israel.
Photographer: Ariel Jerozolimski

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By Alisa Odenheimer

May 30, 2023 at 11:39 AM UTC

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Israel’s central bank may need to tighten monetary policy should the shekel weaken further, Governor Amir Yaron said on Tuesday, one week after raising the country’s interest rates to their highest in 17 years.