As such, overall, developments in the market do not provide a clear picture, and we can even say that they provide more of an Impressionist picture, and that anyone can interpret it any way he wishes. The data that we saw, in any case, did not lead to a clear conclusion that made it necessary to change policy in either direction.
The third objective of the Bank of Israel is to support financial stability. In this context, it is of particular importance that we look at the level of leverage in the economy, and at asset prices, and ask ourselves whether we see any risks from this direction.