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Bank of Israel governor expects higher short-term inflation but rate cuts 'feasible' this year

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Summary
Nutrition label

75% Informative

Inflation, which hit 3.2% in December , is "still above our target, which is between 1% and 3% ," Bank of Israel Governor Amir Yaron told CNBC 's Dan Murphy at the World Economic Forum in Davos .

Ratings agencies Fitch and Moody's said that the recently agreed ceasefire deal between Israel and Hamas will reduce downside risks to Israel 's economy and ease its credit risks.

The ceasefire agreement, brokered by negotiators from Qatar , Egypt and the U.S. , is currently in its first phase.

VR Score

85

Informative language

89

Neutral language

62

Article tone

semi-formal

Language

English

Language complexity

49

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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