One of the officers was moderately injured, while the other sustained light wounds.
The officers fired back at the Palestinian terrorist and killed him. The injured were evacuated for medical treatment at the Hadassah Ein Kerem Hospital in Jerusalem.
Police launched a search in the area, assisted by a helicopter, in order to make sure that there were no other people involved in the incident.
In the terrorist's pockets police found bullets and identity cards; a pistol was found not far from his body.
Rise in number of warnings
Defense establishment officials said that recently there has been a rise in the number of general warnings of plans to carry out terror attacks in general, and in Jerusalem in particular.
Two attempts to carry out terror attacks in the capital occurred in the past two weeks: A stabbing attack in which a yeshiva student was moderately injured, and an incident in which a would-be suicide bomber was captured with a bag containing an explosive belt. The terrorist declared that he had planned to detonate himself in the city's central Jaffa Street.
In light of the fighting in the north and in Gaza, it appears that terror organizations have been trying to carry out terror attacks in the past few days.
On Friday, the Tel Aviv Police arrested three suspects - an Arab woman and three Arab men - who had apparently planned to carry out a suicide bombing in the city. They were arrested near the Tel Aviv port. Following their arrest, the high alert declared in the area was lifted.
Last week, the police raised the alert level in the Sharon region after receiving information of a suicide bomber. The terrorist and his driver were arrested after hours of searching the area in two construction sites in Hod Hasharon.