Bank of Israel Set to Cut Rate 25 Basis Points to 3.50% for Second Straight Meeting
Updated
Updated · Bloomberg · Jul 6
Bank of Israel Set to Cut Rate 25 Basis Points to 3.50% for Second Straight Meeting
2 articles · Updated · Bloomberg · Jul 6
Summary
14 economists in a Bloomberg survey expect the Bank of Israel to lower its base rate on Monday to 3.50% from 3.75%, extending easing to a second consecutive meeting.
A firm shekel and moderate inflation expectations are seen giving policymakers room to cut again, outweighing an expected pickup in domestic growth.
The expected move would also come as the US and Europe shift toward more restrictive policy, leaving Israel poised to ease despite a less supportive global backdrop.