The BoI avoids a cut, preferring FX intervention

ISRAEL - Report 02 Dec 2019 by Jonathan Katz

The BoI has signaled that a rate cut is currently off the table (unless the economy deteriorates), with FX intervention the preferred tool. Recent economic indicators point to fairly stable growth, and the BoI Composite Index witnessed a slight acceleration in recent months. In politics, despite the likelihood of another round of elections, negotiations between the two large parties continue, and a last minute agreement cannot be ruled out.

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