The Deputy Governor hints at possible tightening

ISRAEL - Report 15 Oct 2024 by Jonathan Katz

1. Rates remained on hold last week, with the Deputy Governor sounding rather hawkish compared to the Governor.

2. The fiscal deficit pushed higher in September but is expected to reach 7.2% GDP this year.

3. Economic growth accelerated in Q324 (exports especially), with expectations for some deceleration going forward.

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