The lack of a coherent fiscal policy could support a negative rating outlook

ISRAEL - Report 12 Oct 2020 by Jonathan Katz

• The Director General of the MoF, Karen Turner, announced her resignation yesterday, five months after her appointment
• The lack of a coherent fiscal policy and a general political instability could support a negative rating outlook.
• Economic growth continues to suffer from the second closure, but some partial opening up is expected next week.
• We expect a more accommodative monetary policy at the next rate decision.

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