Israel's central bank has chosen to keep its interest rate at 4.5% for the seventh time in a row, as it deals with the challenges of a war-related economic slowdown and increasing inflation.

The monetary policy committee's meeting on Monday was its last session for 2024, and the next rate decision will be made in early January. The central bank's cautious approach reflects the need to balance supporting economic stability with addressing inflationary pressures in the current geopolitical climate.

This decision is in line with the predictions of economists surveyed by Bloomberg.