A 0.5% rate hike more likely on Monday (today)

ISRAEL - Report 22 Aug 2022 by Jonathan Katz

1. We expect a rate hike of 0.5% today (Monday) due to higher inflation and strong growth, offset by lower inflation expectations and a strong shekel.
2. The GDP in the second quarter of 2022 is 12% above that of pre-Covid (Q419).
3. Our inflation forecast stands at 2.4% NTM, with higher housing and food prices ahead.

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