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Events
Databanks
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Argentina databank Oct 28 -
Brazil Economics databank Sep 15
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Central America databank Oct 29
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Chile databank Oct 29
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China databank Mar 21
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Colombia databank Nov 6
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Dominican Republic databank Oct 21
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Ecuador databank Oct 23
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Gulf Countries databank Nov 7
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Hungary databank Oct 17
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India databank Jun 26
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Mexico databank Oct 21
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Panama databank Jul 17
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Peru databank Nov 4
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Philippines databank Nov 7
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Poland databank Nov 3
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Russia Economics databank Oct 16
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South Africa databank Nov 3
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Turkey databank Oct 27
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Ukraine databank Nov 10
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Venezuela databank Nov 3
NEWS FLASH
UPCOMING WEBINAR - CHILE ELECTION BRIEFING: AFTER THE GENERAL ELECTIONS...
COUNTRY INSIGHTS
Deficit edges up to 4.9% of GDP in October; Finance Ministry’s 2026 target of 3.2% seen as overly ambitious
ISRAEL · In Brief · 11 Nov 2025
Fiscal deficit widens to 4.9% of GDP in OctoberThe Ministry of Finance reported yesterday a fiscal deficit of NIS 15.3 billion ($4.64 billion) in October, with the trailing 12-month deficit slightly increasing to 4.9% of GDP from 4.7% in September. The budget deficit peaked at 8.5% of GDP in Sept...
Israel Governor signals conditions are ready for a rate cut, provided October CPI and Q3 growth remain moderate
ISRAEL · In Brief · 06 Nov 2025
Bank of Israel Governor Amir Yaron hinted at a possible interest-rate cut ahead of the bank’s November 24 decision. Speaking at a conference on Tuesday, he said the September CPI, which fell by 0.6%, was “a step in the right direction.” Yaron noted that the shekel’s appreciation and the expected ...
Foreign and institutional investors sold FX in Q3, supporting the shekel’s appreciation
ISRAEL · In Brief · 06 Nov 2025
The shekel continued to strengthen in the third quarter, appreciating by 2.0% against the U.S. dollar and 1.9% against the euro, following sharp gains of 9.3% and 1.5% in Q2, respectively. The appreciation reflected a decline in Israel’s risk premium and improved investor sentiment after Operatio...
Macroeconomic and geopolitical developments, forecast update – Weekly report, November 3, 2025
ISRAEL · Forecast · 04 Nov 2025
Israel enters November in a fragile but stabilizing environment. While the ceasefire with Hamas remains largely intact, negotiations toward Phase II of the Gaza arrangement have stalled, leaving uncertainty in the near term over the Gaza front and future regional arrangements. Economic data f...
Israel’s economic conditions in Q3 2025: after Iran, before the ceasefire
ISRAEL · In Brief · 03 Nov 2025
As data for August and September 2025 begin to accumulate, we now have a clearer statistical picture of Israel’s economic performance in the third quarter. The key question we seek to answer is how the Israeli economy responded to the end of the military operation against Iran and whether the rec...
Israel’s labor market remains tight, may keep monetary easing on hold
ISRAEL · In Brief · 29 Oct 2025
Three key indicators released this week confirm that Israel’s labor market remains tight. The number of job vacancies rose slightly in September to 146.9 thousand, the highest level ever recorded, with most of the increase coming from trade and manufacturing sectors. The unemployment rate remaine...
Macroeconomic and geopolitical developments – Weekly report, October 24, 2025
ISRAEL · Report · 24 Oct 2025
The past week marked the near completion of the first phase of the Trump peace plan, including a fragile ceasefire, the return of all surviving hostages and the bodies of about 15 of the 28 killed, large-scale humanitarian aid to Gaza, and a partial Israeli withdrawal to the “yellow line.” U.S. a...
Rating agencies reaffirm Israel’s rating but stress that any improvement depends on fiscal consolidation and political stability
ISRAEL · In Brief · 19 Oct 2025
Moody’s reaffirms Israel’s rating and upgrades growth outlook Moody’s reaffirmed Israel’s Baa1 rating with a negative outlook on October 16, 2025, describing the Gaza ceasefire as credit-positive but emphasizing that risks remain elevated. The agency raised its growth forecasts to 2.5% for 2025 a...
Strong tax revenues keep 2025 deficit on target near 5% of GDP
ISRAEL · In Brief · 17 Oct 2025
The Ministry of Finance reported a fiscal deficit of NIS 9.5 billion ($2.9 billion) in September, with the trailing 12-month deficit steady at 4.7% of GDP, unchanged from August. This marks a significant improvement from the 8.5% peak recorded in September 2024. Revenues in September totaled NIS ...
Israel September CPI – a sharp downside surprise strengthens the case for rate cuts
ISRAEL · In Brief · 16 Oct 2025
September CPI surprise: inflation eases sharply to 2.5%, driven by stronger shekel and seasonal factors Israel’s consumer price index fell by 0.6% in September, double our forecast for a 0.3% decline. As a result, annual inflation eased to 2.5%, its lowest since February 2024. The decline clearly...
Israel shifts from war to recovery; focus shifts to September CPI
ISRAEL · In Brief · 13 Oct 2025
Overview The 20 live hostages were released and returned to Israel this morning, after two years in Hamas captivity, as part of the first stage of the ceasefire agreement. In parallel, Israel began releasing Palestinian prisoners. U.S. President Donald Trump, widely viewed in Israel as the key br...
A day of hope for Israelis and Palestinians, as Trump announces Gaza ceasefire: Analysis and implications
ISRAEL · In Brief · 09 Oct 2025
Overnight, U.S. President Donald Trump announced that Israel and Hamas have signed the first phase of his Gaza peace plan, including an agreement for a ceasefire, the release of all hostages, a large-scale release of Palestinian prisoners, and the withdrawal of Israeli forces to an agreed line. A...
Macroeconomic and geopolitical developments – Weekly report, October 6, 2025
ISRAEL · Report · 06 Oct 2025
This week, Israel returned from an extended Yom Kippur weekend to a single trading day (Sunday) before entering another holiday break for Sukkot. During the intermediate days of the holiday (Chol HaMoed, Wednesday, Thursday, and Sunday), business and financial activity will take place on a limite...
Macroeconomic and geopolitical developments – Weekly report, October 1, 2025
ISRAEL · Report · 30 Sep 2025
In the past week, Israeli markets and policy were shaped by two dominant forces: geopolitics and monetary policy. On the geopolitical side, Trump’s 20-point Gaza plan dominated headlines, offering a comprehensive framework that received broad international support but faces uncertainty around Ham...
Bank of Israel rate decision: hawkish tone, but Trump plan could pave way for easing
ISRAEL · In Brief · 30 Sep 2025
The Bank of Israel kept its policy rate unchanged at 4.5%, in line with market expectations. In our view, the tone was slightly hawkish relative to expectations, emphasizing geopolitical uncertainty, sticky inflation, and the need to maintain financial stability. The wording was chosen to highlig...