Bank of Israel Deputy Governor: Rate Cuts Must Remain Gradual Due to Geopolitical Risks

GateNews
According to Reuters, Bank of Israel Deputy Governor Andrew Abir recently stated that while inflation has been successfully controlled at around 2%, ongoing geopolitical risks—particularly the threat of renewed conflict with Iran—require the central bank to maintain a gradual pace for future interest rate cuts. Abir noted that the appreciation of the Israeli shekel has helped ease inflationary pressures and created room for rate reductions, while the central bank's monetary tightening has successfully reduced inflation without raising unemployment.
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