Governor Optimistic Despite Inflation: “Expected Two Interest Rate Reductions This Year”

In an interview with CNBC in Washington, Bank of Israel Governor Prof. Amir Yaron said that if there is no escalation in the security sector, inflation is expected to return to within the Bank of Israel's target range of between 1% and 3% as early as 2025 • In such a scenario, he said, “we could make two interest rate cuts over the next year.”