MPC conveys a hawkish tone with rate hike forecast in Q418

ISRAEL - Report 23 Apr 2018 by Jonathan Katz

The PMI was up 1.1 points in March to 54.7 on strong export growth. The BoI rate hold decision was expected, but we note a somewhat hawkish tone in the announcement.

Zoom in: If inflation expectations spike this summer on higher year-over-year inflation, the possibility of early tightening cannot be ruled out.

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