The Bank of Israel decided, Monday, to keep Israel's prime rate at a tenth of a percent for the month of August. In announcing the decision, the bank noted the Consumer Price Index has increased in the past three months but the forecast is still below the government's target of one-to-three percent.
The decision also reflects uncertainty over Britain's exit from the European Union and strong economic indicators in the United States. It also noted an increase of 1.7 percent in the effective value of the shekel against the US dollar during the past month, which will affect exports.