The Bank of Israel announced that the interest rate in the economy will remain unchanged and will continue to stand at 4.5%. This after last month it recorded a decrease of 0.25%, for the first time since the outbreak of the Corona epidemic in April 2020.
Discount Bank said that "Today's interest rate decision is not easy, although, in our estimation, against the backdrop of the economic recovery and the postponement of the budget approval, no interest rate cut is expected today" The fourth quarter data that indicate a significant weakening of activity in the Economy also supports the lowering of interest rates.