Present investment flows do not support a major shekel depreciation

ISRAEL - Report 05 Nov 2018 by Jonathan Katz

Several economic indicators and surveys point to steady and fairly robust growth in Q318. Robust growth and a tight labor market are rate hike supportive, if inflation continues to be within target. We cannot rule out a rate hike on November 26, despite the fact that the MPC will be without an official Governor. Zoom in: Currently investment flows appear balanced, not supportive of any significant shekel weakening.

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