How hawkish will the BoI sound today?
ISRAEL
- Report
11 Apr 2022
by Jonathan Katz
1. Rates are expected to move higher today; the bond market will react to the BoI policy rate forecast and the Governor’s press conference.
2. The cumulative fiscal deficit declined to 1.4% GDP in March; we expect bond issuance to decline further.
3. The coalition has weakened, making policy implementation more difficult, but early elections are not expected in the near future.
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