At a time when some sectors of the Israeli economy have begun to adapt to the conditions of the war waged by the army on the Gaza Strip, worrying figures have begun to appear for financial and monetary policy makers.
What reveals the confusion is the announcement by the Bank of Israel (the central bank) that it would keep interest rates unchanged at a meeting held last week, followed by sharp criticism from Finance Minister Bezalel Smotrich, who is seeking to reduce them.
On Wednesday, the Bank of Israel kept interest rates unchanged at 4.5%, while consumer price indices began to show an increase in local markets above the set target.
However, the Israeli Finance Minister considered maintaining interest rates as a disregard by the Bank of Israel to stimulate the local economy, given that low interest rates increase borrowing, investment and the injection of money into the market.
