Lower bond issuance likely to offset tapering
ISRAEL
- Report
03 May 2021
by Jonathan Katz
Private consumption indicators point to a strong rebound in February-March. This is likely to support strong tax revenues and a positive fiscal print for April. In addition, we see strong consumer demand fueling inflation in the short run, partially offset by a strong shekel. Government bond issuance will decline in May, offsetting likely bond tapering towards the end of the year.
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