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Israel rates unlikely to rise till inflation 'somewhat' over 1 percent - central banker

Reuters  |  JERUSALEM 

By Steven ScheerJERUSALEM (Reuters) - Israeli interest rates are unlikely to rise until inflation is "somewhat higher" than 1 percent, the deputy central bank chief said on Tuesday, signalling that policymakers would not rush into tightening.Bank of Israel Deputy Governor Nadine Baudot-Trajtenberg noted that annual inflation was 0.5 percent in May. However, she told a conference that various adjusted price indices and inflation expectations in a year's time are near or within the government's 1 to 3 percent annual inflation target range.Inflation is rising on the heels of gains in global oil ...

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First Published: Tue, July 10 2018. 19:19 IST