The first hike is likely in Q322, if the Fed shifts bias as well

ISRAEL - Report 30 Aug 2021 by Jonathan Katz

1. Recent economic data point to fairly robust growth at the start of Q322, as travel restrictions abroad support domestic consumption.

2. We cannot rule out a rate hike in Israel in Q322, assuming a rapid recovery and a tightening bias from the Fed.

3. Similarly, the surprising rate hike in November 2018 was due to the desire of the BoI to start to normalize rates.

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