Bank of Israel says inflation a concern as Gaza war continues
Accelerating inflation is worrisome for Israel’s economy despite a modest recovery during the ongoing war on Gaza, the central bank warns.
Officials said short-term interest rates would remain low.
“In view of the continuing war, the monetary committee’s policy is focusing on stabilising the markets and reducing uncertainty, alongside price stability and supporting economic activity,” the bank said.
“In the committee’s assessment, there are several risks for a possible acceleration of inflation or for it not converging to the target range: geopolitical developments and their impact on economic activity, supply constraints, worsening global terms of trade, and volatility of the shekel,” it added.
While the inflation rate was below the 3 percent level in the first half of 2024, it has been hovering between 3.2 percent and 3.8 percent since July 2024. The bank said the labour market remains tight.
US rights group says Trump must do more to pressure Israel
The US-based Council on American-Islamic Relations (CAIR) has condemned recent Israeli strikes on a shelter for displaced people in Gaza, saying the US must do more to push its ally to accept a permanent ceasefire.
“How many more children, women, the elderly, journalists, health care workers, and first responders must Benjamin Netanyahu slaughter with American weapons before [US] President [Donald] Trump forces him to accept a permanent ceasefire deal that ends the genocide for good and frees all captives?” asked Nihad Awad, CAIR’s national executive director, in a statement.
“Every hour that Israel’s genocidal crimes continue with impunity – and with our government’s complicity – adds more dishonour to a shameful period in the history of our nation and the world.”
UN expresses alarm over Israeli law allowing life sentences for 12-year-olds
Independent experts with the United Nations Human Rights Council say an Israeli law allowing children as young as 12 to be sentenced to life in prison could violate the Convention on the Rights of the Child, an international agreement Israel ratified in October 1991.
“UN experts express alarm at two new Israeli terrorism laws that permit life imprisonment for 12-year-olds and arbitrary suspension of child welfare payments, violating the human rights of Palestinian children,” they said in a social media post.
The group of legal experts said the Knesset passed an amendment to an existing law in November 2024 allowing courts to sentence children as young as 12 to life in prison “if convicted of murder or attempted murder classified as a ‘terror act'” or if “the act was performed as part of the operations of a terrorist organization and aimed at advancing its objectives”.
Israeli military law in the occupied West Bank already permits Israeli authorities to imprison Palestinian children as young as 12 years old, the experts noted.










