Live UpdateFrom the Liveblog of Monday, September 26, 2016

BOI keeps interest rate at 0.1 percent

26 September 2016, 5:42 pm Edit

The Bank of Israel leaves the interest rate unchanged for the month, at 0.1 percent.

In a statement, BOI says the decision is consistent with a monetary policy that “is intended to return the inflation rate to within the price stability target range of 1-3 percent a year, and to support growth while maintaining financial stability.

“The Monetary Committee continues to assess that in view of the inflation environment, and of developments in the global economy, in the exchange rate, as well as in monetary policies of major central banks, monetary policy will remain accommodative for a considerable time.”