A rate cut today appears likely

ISRAEL - Report 26 Feb 2024 by Jonathan Katz

1. We expect a rate cut today on the back of low inflation, a strong shekel and only a partial recovery in activity.

2. Economic indicators reflect an improvement in growth, while the lack of Palestinian workers and the large number of evacuees are slowing growth.

3. The supply/demand dynamics in the labor market support wage pressure in the medium term.

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