We expect a 0.25% rate hike today

ISRAEL - Report 23 May 2022 by Jonathan Katz

1. We expect a 0.25% rate hike today on the back of accelerating inflation and fairly robust growth.

2. The GDP contraction in Q122 was a technical correction following growth of 15.6% in Q421.

3. The shekel has appreciated recently, despite further market volatility.

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