Research Department 2012 Staff Forecast

15/01/2012
All Press Releases In Subject:
The Economy and Economic Activity

Abstract


This document presents the forecast of macroeconomic developments compiled by the Bank of Israel Research Department in December 2011 and published in a press release on December 26, 2011. According to the staff forecast, the inflation rate over the full year of 2012 will be 2.1 percent, near the midpoint of the inflation target range of 1–3 percent per year. The Bank of Israel interest rate in the final quarter of 2012 is expected to be 2.25 percent. The economy (GDP) is expected to grow by 2.8 percent in 2012.

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