The Bank of Israel forecast that the economic recession will continue throughout 2010, during which the inflation rate is expected to be 0.4%
Data released last week by the Bank of Israel (BoI) indicate that next year will be especially hard on Israel's economy, with a negative inflation rate of -0.7%.
The BoI forecast that the economic recession will continue throughout 2010, during which the inflation rate is expected to be 0.4%.
According to the BoI's data only in 2011 the inflation rate will stabilize at 2.7%, within the range of the government's goal of 1%-3%.
The BoI also noted that overall inflation rate for 2008 is expected to stand at 3.7%, up 0.3% from the previous year.
BOL: negative inflation rate of -0.7% in 2009
The Bank of Israel forecast that the economic recession will continue throughout 2010, during which the inflation rate is expected to be 0.4%.
00:00 ,22.12.2008
BOL: negative inflation rate of -0.7% in 2009
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