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Top related persons:
Ronen - 1 Zalina Alborova - 1 Benjamin Netanyahu's - 1 Goldman Sachs - 1 Tadas Gedminas - 1 Morgan Stanley's Georgi Deyanov - 1 Bhumika Gupta - 1 Steven Scheer - 1
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Bank of - 1 REUTERS - 1 Bank of Israel - 1 Barclays - 1 Citi - 1 The Bank of Israel - 1 Thomson - 1

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☆ Bank of Israel to stay on hold as inflation eases but hike cycle may not be done: Reuters poll
  + stars: | 2023-09-03 | by ( Steven Scheer | ) www.reuters.com   time to read: +3 min
FILE PHOTO-The Bank of Israel building is seen in Jerusalem June 16, 2020. Israel's annual inflation rate dropped to 3.3% in July from 4.2% in June, its lowest rate since March 2022 but above a government target range of 1-3%. "The central bank will leave the door open for further rate hikes and maintain its relatively hawkish stance, given that the shekel remains weak and exposed to domestic political developments," said Goldman Sachs economist Tadas Gedminas. The Bank of Israel left its key rate unchanged in July after an aggressive rate hike cycle that took the rate from 0.1%. Minutes of the meeting showed policymakers were concerned the shekel could keep inflation from moving back to its target and that further rate increases were possible.
Persons: Ronen, Zalina Alborova, Benjamin Netanyahu's, Goldman Sachs, Tadas Gedminas, Morgan Stanley's Georgi Deyanov, Bhumika Gupta, Steven Scheer, Frances Kerry Organizations: Bank of, REUTERS, Reuters, Bank of Israel, Barclays, Citi, The Bank of Israel, Thomson Locations: Bank of Israel, Jerusalem, Israel
☆ Bank of Israel to raise rates 25 bps next week, may be last in cycle
  + stars: | 2023-05-18 | by ( Steven Scheer | ) www.reuters.com   time to read: +2 min
Israel's annual inflation rate held steady at 5% in April versus expectations it would ease to 4.7%, and stayed well above an official annual target of 1-3%. Shal believes the cycle will end next week and expects rates to stay on hold for the rest of the year, before the Bank starts cutting them in early 2024. When it began hiking rates in April of 2022, the Bank of Israel had initially hoped its front-loading stance would be able to cap its key rate at around 3%. The inflation rate has stayed at at least 5% since last October and peaked at 5.4% in January. Bank Leumi Chief Economist Gil Bufman noted "the drop in inflation in Israel since its peak is low compared to the other countries".
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