Analysts unsure on Bank of Israel rate call
Top economists at Israel's banks provide contradictory forecasts on whether the Bank of Israel will cut the interest rate on Monday.
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Top economists at Israel's banks provide contradictory forecasts on whether the Bank of Israel will cut the interest rate on Monday.
The November CPI reading may have been surprisingly low, boosting expectations of a cut, but inflation is not the Bank of Israel's only consideration.
The shekel has nearly returned to its trading levels against the dollar on the eve of October 7.
Israel's war with Palestinian militant group Hamas has upended expectations of where Israeli short-term interest rates are headed as policymakers try to balance a sliding shekel and slowing economy... -October 26, 2023 at 02:00 am EDT - MarketScreener
Israel's war with Palestinian militant group Hamas has upended expectations of where Israeli short-term interest rates are headed as policymakers try to balance a sliding shekel and slowing economy with already above-target inflation. Less than three weeks ago markets and analysts were predicting at least one more rate hike by early 2024, possibly as soon as this week, after an aggressive run of tightening that took the benchmark interest rate from 0.1% in April 2022 to 4.75% in May 2023. But after Hamas gunmen from Gaza launched the deadliest attack on Israel's civilians in the c...