Steady economic growth and a weaker shekel will support tightening

ISRAEL - Report 03 Jul 2023 by Jonathan Katz

1. Private consumption picked up modestly in March-May on employment growth and the public sector wage bonus.

2. The shekel continued to weaken last week as the coalition plans on pushing forward with part of the judicial overhaul.

3. Steady growth and a weaker shekel will support a rate hike on July 10.

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