According to CCTV news, the Israeli central bank issued a statement on the 22nd local time, announcing that it will raise the benchmark interest rate by 25 basis points to 4.75%, making the benchmark interest rate the highest level since 2006. This is also the 10th consecutive rate hike by the Israeli central bank since April 2022. The statement pointed out that Israel's current inflation is extensive and high, with an annualized inflation rate of 5% in April, close to the highest point in the past 14 years, far exceeding the government's annual target range of 1% to 3%.