RTTNews - Israel's central bank on Monday decided to hold its benchmark interest rate.

As expected, the Bank of Israel maintained its interest rate at 0.5%. The decision was supported by a number of factors.

Firstly, inflation remained within the target range of the central bank and was likely to be so in the coming year. Secondly, there were signs that the reduction in GDP was starting to moderate, with the monetary policy supporting the return of the economy to positive growth.

Thirdly, central banks around the world were keeping their interest rates at a low level in addition to operating other monetary tools.

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