September 5, 2018 / 8:07 AM / 20 days ago

Bank of Israel Governor Flug sees "gradual" interest rate hikes

JERUSALEM, Sept 5 (Reuters) - Bank of Israel Governor Karnit Flug said on Wednesday that she expected interest rates to rise “gradually” in the future.

Speaking at a conference, she did not say when the benchmark interest rate — which has been at 0.1 percent since early 2015 — will start to rise. Some analysts believe rates will rise later in 2018 while others foresee 2019. (Reporting by Steven Scheer and Ari Rabinovitch)

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