Research Department 2012 and 2013 Staff Forecast

26/03/2012
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 March 2012. According to the staff forecast, the inflation rate over the next four quarters (ending in the first quarter of 2013) will be 2.6 percent.

The Bank of Israel interest rate in the first quarter of 2013 is expected to be 2.5 percent (its current level).

Gross domestic product (GDP) is expected to grow by 3.1 percent in 2012 and by 3.5 percent in 2013.

 

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