Rate hike of 0.5% likely today

ISRAEL - Report 21 Nov 2022 by Jonathan Katz

1. Opinions are divided regarding today’s rate decision: we are leaning towards a 0.5% hike, but 0.75% cannot be ruled out.

2. GDP growth slowed in Q322 on modest private consumption growth, while investments and high-tech service exports expanded.

3. Inflation is expected to slow next year on slowing housing rental prices and cost-of-living price reductions.

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