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Limited ILS Reaction Following Hawkish Surprise

ISRAEL
  • Link to statement here: https://www.boi.org.il/en/communication-and-public...
  • "The pace of raising the interest rate will be determined in accordance with activity data and the development of inflation, in order to continue supporting the attainment of the policy goals."
  • Some very moderate strength in the Shekel following the decision with USDILS falling to 3.55 from 3.56, however those gains have consolidated since around 3.5550.
  • February CPI data is not due until March 15.

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