BOI Keeps Interest Rate Unchanged for September

The Bank of Israel kept the interest rate unchanged at 0.1 percent for September, the governor announced Monday.

The decision came in light of an increase of 0.4 percent in the consumer price index in July, a bit higher than the 0.2 percent prediction by forecasters. Housing increased by 1.2 percent. The CPI has increased by 0.8 over the past 12 months.

There was, however, no significant change over the month in inflation expectations for the various ranges, according to the BOI report for August.