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Israel's central bank is expected to raise short-term interest rates by a quarter-point next week to a 16-year high, likely taking a less aggressive path due to a tense political situation over planned judicial reforms and as it hopes to prevent a recession.
* Rate decision due at 1300 GMT on Monday * Inflation hit 5.2% in February, near 14-year high * Economic growth expected to slow to less tha... | 11:42am
Unlike in the US and Europe, general inflation in Israel is not slowing, but the rise in home prices has moderated.
Despite relatively modest inflation, the Bank of Israel may announce a more hawkish rate hike than it would like on Monday, due to global developments.
The Bank of Israel raised its benchmark interest rate on Monday by three-quarters of a percentage point, its biggest hike in two decades, and appeared on track for further increases as it tries to