Israel's central bank: No policy shift planned after Fed
Israel's central bank has no plans to shift policy any time soon in response to last week's rise in US interest rates, its Governor Karnit Flug said on Monday.
"For now, it doesn't look like that will change the trend (in Israel) dramatically," Flug told a session of parliament's finance committee. The central bank would resort to negative interest rates, she added, reiterating previous comments. Policymakers have left the bank's benchmark interest rate at a record low of 0.1 percent for nine straight months, citing a rebound in economic growth and blaming persistent deflation on lower commodity prices.
