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Israel: Recent Economic Developments
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1995: Issue 105
Language:
English
Publication Date:
07 Nov 1995
DOI:
https://doi.org/10.5089/9781451819427.002
ISBN:
9781451819427
ISSN:
1934-7685
Pages:
152
Keywords:
ISCR; CR; U.S. dollar; foreign currency; budget deficit; monetary policy; private sector; exchange rate; economic activity; Currencies; Imports; Budget planning and preparation; Inflation; Eastern Europe; monetary policy indicator; b. exchange rate policy; balance of payments indicator; interest rate bracket; institutional investor; monetary policy development; business sector employment; Migration; Caribbean
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This paper reviews economic developments in Israel during 1990–94. During the first half of 1993, there was a significant slowing of the domestic economy largely as a result of a substantial scaling down of the public support provided to housing construction for immigrants, who were arriving to Israel in lesser numbers than originally estimated. In response to this slowing and to signs of a moderation in inflation, during the third quarter of 1993, the Bank of Israel reduced its lending rate from 12 percent to 9 percent in successive stages.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund