War’s Economic Toll Steals Spotlight From Israel Interest Rates
10/23/2023 15:49
Israel is set to offer its first accounting of the toll on the economy from the violent conflict with Hamas, as the central bank reviews interest rates just over two weeks after attacks by the militant group forced emergency measures to stabilize markets.
Israel is set to offer its first accounting of the toll on the economy from the violent conflict with Hamas, as the central bank reviews interest rates just over two weeks after attacks by the militant group forced emergency measures to stabilize markets.
Updated forecasts from the Bank of Israel’s researchers will accompany a rate decision on Monday that almost all economists predict will extend a pause in place since July. The benchmark has stayed at 4.75% for two straight meetings following 10 hikes that started early last year when rates were near zero.