We expect the first rate hike in March 2019

ISRAEL - Report 25 Jun 2018 by Jonathan Katz

Household demand appears to be slowing, due to slowing consumer credit growth. Residential housing starts decelerated in Q118, which is expected to keep housing inventory tight, supporting higher housing prices, especially rentals.

Zoom In: The MPC will be patient before tightening, probably not before end-Q1 2019.

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