All five members of the Bank of Israel's monetary policy committee voted on Sept. 4 to leave the benchmark interest rate at 4.75% but were ready to resume hikes if inflation remained high, minutes of the discussion showed on Monday. The central bank's move to hold rates this month was the second in a row and followed 10 straight rate increases that had taken the policy rate from 0.1% in April of 2022. It noted that economic activity in Israel was at a high level, and accompanied by a tight labour market, although there was some moderation in a number of indicators.
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