JERUSALEM, Feb 20 (Reuters) - Bank of Israel Deputy
Governor Andrew Abir suggested on Monday that more interest rate
increases were possible as inflation remains "sticky" above a 5%
rate.
He spoke after the central bank raised its benchmark
interest rate by a half a percentage point to 4.25%,
its highest level since late 2008.
Abir said in choosing the more aggressive move, rather than
a quarter-point rise, "it's important to show our determination
to bring down the level of inflation."
(Reporting by Steven Scheer and Ari Rabinovitch, editing by
Mark Heinrich)
Messaging: steven.scheer.thomsonreuters.com@reuters.net;
Twitter: @StevenMScheer))
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