Free Trial

USD/ILS Slips as BoI's Abir Targets 'Aggressive' Rate Hikes

ISRAEL

USD/ILS sliding toward the overnight lows of 3.2734, with the week's lows of 3.2597 within reach following comments from Bank of Israel's Abir.

The Deputy Governor stated that:
  • BoI are to 'front-load' monetary tightening
  • Not targeting FX rate, with inflation the main goal
  • Israel are to be 'aggressive' and plan more rate hikes
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.