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ISRAEL: BOI Rate Decision Coming Up (14:00BST/16:00IDT)

ISRAEL
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  • The Bank of Israel is expected to keep the base rate unchanged at 4.50% for the sixth consecutive meeting, according to all 16 analysts surveyed by Bloomberg. Speaking at a conference last week, Governor Amir Yaron said cuts are unlikely before the second half of 2025, despite the economy slowing as war hits industries from tourism to agriculture and construction.
  • Moody’s Ratings downgraded Israel by two notches to Baa1 late last month, shortly followed by S&P Global Ratings with a downgrade of its own. Both cited the government’s soaring spending to fund the war effort. Meanwhile, the Israeli shekel is down around 3% against the dollar since the end of August.
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  • The Bank of Israel is expected to keep the base rate unchanged at 4.50% for the sixth consecutive meeting, according to all 16 analysts surveyed by Bloomberg. Speaking at a conference last week, Governor Amir Yaron said cuts are unlikely before the second half of 2025, despite the economy slowing as war hits industries from tourism to agriculture and construction.
  • Moody’s Ratings downgraded Israel by two notches to Baa1 late last month, shortly followed by S&P Global Ratings with a downgrade of its own. Both cited the government’s soaring spending to fund the war effort. Meanwhile, the Israeli shekel is down around 3% against the dollar since the end of August.