Could inflation surprise on the upside in 2024?

ISRAEL - Report 08 Jan 2024 by Jonathan Katz

1. Policy rates were cut to 4.5% due to moderating inflation and a strong shekel; fiscal concerns were secondary.

2. We revised our inflation forecast up to 2.8% in 2024.

3. Higher shipping costs, pent-up demand, and a rebound in housing rentals are likely to push inflation higher.

Now read on...

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