The Central Bank of Israel will announce its decision on the interest rate next Monday. Inflation in Israel declined to an annual rate of 2.6% last month.
The Israeli economy is suffering greatly due to the war that the occupation has been waging in the Gaza Strip since the seventh of last October. The US Federal Reserve was expected to cut interest rates for the first time in March, but its Chairman Jerome Powell said that members of the Open Market Committee did not expect an imminent reduction. The probability of a rate cut in the euro zone in March has decreased significantly.