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Bank of Israel voted 5-0 to hold rates in January, minutes show

BY Reuters | ECONOMIC | 01/20/25 06:41 AM EST

JERUSALEM, Jan 20 (Reuters) - All five members of the Bank of Israel's monetary policy committee voted on Jan. 6 to leave the benchmark interest rate at 4.50%, minutes of the discussion showed on Monday.

With the impact of Israel's war with Hamas in Gaza, the committee's policy was focused on stabilising markets and reducing uncertainty in addition to price stability and support for economic activity, the central bank said in a statement accompanying the minutes.

"The interest rate path will be determined in accordance with the convergence of inflation to its target, continued stability in the financial markets, economic activity, and fiscal policy," it said.

(Reporting by Steven Scheer Editing by Gareth Jones)

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