Amir Yaron of the Bank of Israel extends public relief and calls for a committee to devise a multi-year defense budget plan due to economic challenges
The increase will not be mitigated by the usual subsidy on gas, which has been suspended in light of wartime budget cuts.
"It has been four difficult months for Israel," Bank of Israel Governor Amir Yaron told a press conference. "Beyond security issues, the war brings with it marked economic
Compensation and other measures are gradually being extended as the war continues. Here is a partial wartime update.
Our policymakers would be well advised to study the risk analysis and assessment in Moody’s report closely and to take all possible steps to mitigate the risks.
Consumer confidence stands at levels not seen since the COVID-19 pandemic in 2020, while the annual inflation rate has eased back down to 3%.
The shekel ILS = currency now stands at 3.66 per dollar versus 3.68 before the ratings action, in which Moody's kept its outlook at negative to imply a further cut.
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