Excellence chief economist Shlomo Maoz expects interest rate to reach higher levels in 2010 than consensus estimates.
Adi Ben-Israel29 Dec 09 12:17
Excellence Investments Ltd. chief economist Shlomo Maoz criticizes Governor of the Bank of Israel Prof. Stanley Fischer's aggressive monetary policy. Fischer yesterday raised the interest rate by 25 basis points to 1.25%, his third such rate hike since August, demonstrating that he is more concerned about inflation than growth.
Maoz has said for months that the 0.5% interest rate earlier this year was inflating asset bubbles, especially in real estate.
