Lower bond issuance in July

ISRAEL - Report 06 Jul 2021 by Jonathan Katz

Private consumption has softened in recent months, following previous pent-up demand. High-tech service exports continue to expand rapidly, supportive of shekel appreciation. The BoI maintained present policy rates at 0.1%, with the monetary statement generally upbeat in light of recent positive indicators. In July, government bond issuance will decline to 7.0bn ILS, down from 9.0bn last month.

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