Israel Maintains Interest Rates Amid Ongoing Conflict and Inflationary Pressures

In a significant decision reflecting the current economic climate, Israel's central bank has opted to hold its key interest rate steady at 4.75%. This move comes as the nation grapples with the financial ramifications of ongoing conflicts that have exacerbated inflationary pressures throughout the economy. The Bank of Israel’s announcement has drawn attention as the global economy faces similar challenges emerging from geopolitical tensions.

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SNB's Martin Addresses Challenges Amid Middle East Conflict and US Elections

In a recent statement, Thomas Jordan, the President of the Swiss National Bank (SNB), shared insights regarding the ongoing geopolitical turbulence stemming from the conflict in the Middle East and the upcoming U.S. elections. During a press conference held on November 11, 2024, Jordan emphasized that although the situation presents multifaceted challenges, it does not currently indicate emergency action from the SNB.

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