Bank of Israel Expected to Pause Rate Cuts
Economists predict the Bank of Israel will keep its benchmark interest rate steady at 3.25 percent on Wednesday. Policymakers are expected to pause following three successive reductions ahead of the upcoming October 27 election.
The Israel central bank is expected to hold its benchmark interest rate at 3.25% on Wednesday following three consecutive reductions. All 15 economists polled by Reuters anticipate the pause ahead of the October 27 election despite stable inflation. The expected hold follows five previous 25 basis point reductions in an easing cycle that began last November.
