Bank of Israel hikes base rate to 4.50% from 4.25%, as expected
The rate path will be determined in accordance with activity data and the development of inflation
Economic activity is at a high level and is accompanied by a tight labor market, although there is a moderation in a number of indicators
Staff forecast of 2.5% growth this year vs 2.8% prior
Economy to grow 3.5% in 2024 vs 3.5% prior
Staff forecast benchmark rate at 4.75%
See inflation at 3.4% this year vs 3.0% prior