What does Israel stand to lose from a rating downgrade?
Moody's is due to announce the result of its "negative watch" review in two weeks' time, but the consequences might not be dramatic.
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Moody's is due to announce the result of its "negative watch" review in two weeks' time, but the consequences might not be dramatic.
Although annual inflation has come within the target range, analysts say other factors will also influence the Bank of Israel's forthcoming interest rate decision.
The shekel is less than 1% weaker than at the start of 2023, before the judicial reform and social rift, and before the war and its economic implications. "Globes" asks if the shekel's value is justified.
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.
Despite the war, the shekel is trading at levels not seen since early August, due to a combination of domestic and global factors.