Rate hold expected today on low core inflation and strong shekel

ISRAEL - Report 08 Oct 2018 by Jonathan Katz

Despite the lack of data due to the holiday season, the little data we have points to some improvement following a weak Q218.
- The BoI composite index increased by 0.36% m/m in July-Aug.
- Debit card purchases increased by 5.1% saar in June-August.
- Manufacturing is up 2.4% m/m in July, following slow growth in Q218. Revenues of all economic branches declined in May-July.

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