To view PR as Word doc

The Bank of Israel's Monetary Committee, chaired by the Governor, today held its quarterly meeting with a group of forecasters who on a regular basis provide the Bank of Israel with forecasts on inflation, the interest rate, and exchange rates. The meeting serves as an exchange of views and assessments between the Bank of Israel and important financial institutions in the market.

The Governor of the Bank of Israel opened the meeting and referred to developments in the global and domestic economies.

Bank of Israel Research Department economist Eliezer Borenstein presented the Research Department's staff forecast, which was published in tandem with the most recent interest rate decision.

The forecasters offered their responses and provided their assessments of developments.