BoI shifts to a more dovish forward guidance
ISRAEL
- Report
02 Sep 2019
by Jonathan Katz
Rates remained on hold last week, but with the MPC shifting to a more dovish forward guidance. We still do not expect further monetary loosening as long as growth remains fairly robust. The main private consumption indicators are pointing to steady household demand in early Q319. Mortgage demand has increased sharply recently, mostly due to new homebuyers purchasing subsidized housing.
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