By Steven Scheer and Ari Rabinovitch JERUSALEM (Reuters) -The Bank of Israel left interest rates unchanged on Monday citing signs inflation is easing, but ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSJERUSALEM -The Bank of Israel left interest rates unchanged on Monday citing signs inflation is easing, but its decision was overshadowed by a report - denied by the central bank - that its governor was set to announce he would not seek a second term.
"The report this morning by Army Radio that the governor will deliver his decision today regarding the extension of his term is incorrect," the Bank of Israel said."As he has said until now, the governor will deliver his decision on extending his term around the holiday season."The issue of whether Yaron will seek or be reappointed for a second term has loomed over financial markets for months.
After keeping rates steady - a break with the U.S. Federal Reserve which raised rates in July - the central bank said economic activity remains strong, with a tight labour market. Inflation is broad and high but appears to be slowing.
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