Bank of Israel Monetary Committee Decision - May 2023
Central bank: boi | Type: statement | Date: 2023-05-22

Bank of Israel Monetary Committee Decision - May 2023

The Monetary Committee of the Bank of Israel decided on 2023-05-22 to set the interest rate at 4.75 percent.

Background:
The Monetary Committee of the Bank of Israel meets approximately eight times per year to determine monetary policy. The Committee analyzes developments in inflation, economic activity, labor market conditions, and financial markets, as well as developments in the global economy and monetary policy of major central banks.

The Bank of Israel's monetary policy is aimed at achieving price stability, defined as annual inflation of 1-3 percent over time. The interest rate decisions are announced following each Monetary Committee meeting.