Report: Israel central bank leader not concerned about inflation
Andrew Abir discussed interest rates, Israel’s high cost of living, foreign currency purchases and more with the Israeli media outlet Globes.
The deputy governor of the Bank of Israel, Andrew Abir, does not expect Israel to experience high inflation.
Abir told the Israeli news outlet Globes published an interview that Israel will not be in the situation of other countries such as Poland and the Czech Republic.
“Our inflation is 2.8% and still within our target range,” Abir told Globes. “Even if we see indices that bring inflation above the range, our expectation is that inflation in the second half of 2022 will fall in the direction of the target range.”
Israel’s target inflation rate is 1 to 3 percent.
