The shekel will react next week to the BoI macro forecast

ISRAEL - Report 02 Jul 2018 by Jonathan Katz

Recent PC indicators points to some softening of PC demand, which supports weak inflationary pressure, although service prices and housing rentals are expect to contribute to inflation. The market has started to price in a rate hike later this year (we think Q119) but much will depend on the direction of the shekel. Next week the BoI will update its macro forecast, and the shekel could very well react (most likely by appreciating) to the policy rate forecast revision.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.