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Article: IMF report: Israel must watch inflation. (International Monetary Fund) (Brief Article)
- Article from:
- Israel Business Today
- Article date:
- April 1, 1994
CopyrightCOPYRIGHT 1994 Israel Business Today. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Israel must guard against becoming complacent in its war on inflation, the international Monetary Fund said in a special report given to Finance Minister Avraham Shochat and Bank of Israel Governor Jacob Frenkel.
The report's authors said that although interest rates have gone up, it is not yet clear whether the increase will be sufficient to keep inflation in check due to great pressures on the state's budget. However, the authors indicate that Israel's economy recorded ...