Israel's Central Bank Expected to Cut Rates by 25 Basis Points to 3.75% on Monday

GateNews
According to Jin10, Israel's central bank is expected to cut its benchmark interest rate by 25 basis points to 3.75% on Monday, May 26, as geopolitical tensions ease following progress toward a U.S.-Iran agreement. In a survey of 14 economists, 8 predicted the rate cut. Rafael Gozlan, chief economist at IBI Investment, cited stable inflation at 1.9% and a strengthened shekel as supporting factors for the reduction. The Israeli shekel hit its strongest level in over 30 years at 2.9 to the U.S. dollar last Friday and has appreciated 8% since late March.
Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.
Comment
0/400
No comments