Friday, September 30th | 27 Elul 5776

Close

Be in the know!

Get our exclusive daily news briefing.

Subscribe
December 11, 2012 1:28 pm
0

Bank of Israel: Operation Pillar of Defense Had Little Effect on Israeli Economy

avatar by JNS.org

Email a copy of "Bank of Israel: Operation Pillar of Defense Had Little Effect on Israeli Economy" to a friend

Bank of Israel, Jerusalem. Photo: Ester Inbar.

Operation Pillar of Defense had a minimal impact on the Israeli economy, according to the Bank of Israel.

The bank on Monday released meeting minutes that revealed the Jewish state’s interest rates remaining at 2 percent. In the same minutes, Monetary Committee members commented on economic the impact of the Israel-Hamas conflict, Globes reported.

“Committee members were in agreement that the recent military operation in the Gaza Strip did not have marked effects on the present and future growth rates of the economy, and that there were only moderate effects on the foreign exchange and capital markets,” the minutes said. “Committee members project a one-time addition to defense expenditures in order to replenish inventories, but it is too early to assess if this will have an effect on the overall budget.”

Related coverage

September 29, 2016 5:02 pm
0

Former US Middle East Negotiator: Shimon Peres Was the ‘Forrest Gump of Israeli Politics’

The late former Israeli President Shimon Peres was a “truly consequential” figure who played an “inextricable” role in the transformation...

According to the minutes, activity in the Israeli construction industry “is strong compared with its levels in the past decade.”

“The number of building starts remains high and is expected to continue to be reflected in an increased stock of homes,” the minutes said.

Share this Story: Share On Facebook Share On Twitter Email This Article

Let your voice be heard!

Join the Algemeiner

Algemeiner.com