The Monetary Committee of the Bank of Israel has decided to keep the interest rate that the bank charges commercial banks at a tenth of a percent. In making the announcement, the bank said, "The Monetary Committee intends to maintain the accommodative policy as long as necessary in order to entrench the inflation environment within the target range."
Domesticly, the bank said, "In recent months, there has been a slight increase in the inflation environment, though it remains below the target. Annual inflation increased, and short-term expectations rose slightly. Long-term expectations are anchored within the target range," and "the economy continues to expand at a pace that is consistent with its potential growth." The bank noted, "The positive momentum in the global economy continues to gain traction," and "the exchange rate has stabilized since the last monetary discussion."