Growth remains steady, supportive of rate stability
ISRAEL
- Report
27 Jan 2020
by Jonathan Katz
The Composite Index of the BoI points to steady growth in line with potential. Other indicators (PC and manufacturing) appear softer, but service exports remain robust. The signal from the BoI is that a rate cut is unlikely as long as growth remains steady and the Fed remains on hold, with FX intervention to continue.
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