The Bank of Israel says rapid vaccination makes a strong recovery increasingly likely in 2021.

The monetary policy committee left interest rates unchanged at 0.1% today (January 4).

“The fast pace of the inoculation process in Israel increases the optimism regarding a rapid return of the economy to a path of growth in the coming year,” it says. If vaccinations continue at a rapid pace, which the central bank thinks is the most likely scenario, GDP is expected to rise by 6.3% this year, and by

You are currently unable to copy this content. Please contact [email protected] to find out more.


Source link