Bank of Israel leaves interest rate unchanged

The bank says the decision "will help return inflation to within the target range and underpin the recovery in real activity."

Governor of the Bank of Israel Stanley Fischer decided to leave the bank's key interest rate unchanged for October, at 0.75%. The bank said in its announcement, "The decision to keep the interest rate for October unchanged at 0.75 percent will help return inflation to within the target range and underpin the recovery in real activity, while supporting financial stability."

The continued recovery in economic activity and the expectation of faster growth in Israel and world wide suggest that the current environment is one of recovery from the recession. .

Interest rates of the leading central banks around the world are low, and are expected to remain unchanged during the next few months.