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Goldman Sachs Join HSBC in Expecting Bank of Israel Hold Next Week

ISRAEL
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  • GOLDMAN REVERSES FORECAST FOR ISRAEL RATE CUT, NOW EXPECTS HOLD (BBG)
  • This follows a note earlier this week from HSBC, who also now expect the Bank of Israel to keep rates unchanged on 27 May. HSBC flagged that they expect the BoI to stay on hold in Q3 too, following recent upside inflation surprises and ongoing geopolitical risks.
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  • GOLDMAN REVERSES FORECAST FOR ISRAEL RATE CUT, NOW EXPECTS HOLD (BBG)
  • This follows a note earlier this week from HSBC, who also now expect the Bank of Israel to keep rates unchanged on 27 May. HSBC flagged that they expect the BoI to stay on hold in Q3 too, following recent upside inflation surprises and ongoing geopolitical risks.