FXStreet (Edinburgh) – The research team at BBH reviewed the recent decision by the Israeli central bank.
Key Quotes
“Israel central bank has gotten less dovish. It left rates steady this week at 0.10%, as expected”.
“However, Governor Flug’s comments afterwards suggest there is a high bar for another rate cut or unorthodox measures”.
“She noted that the chances for using unconventional measures has decreased, and added that inflation expectations are returning towards target”.
“We see steady policy for now, but with a bias to weaken the shekel. The central bank intervened this week as the shekel firmed after the central bank meeting”.
(Market News Provided by FXstreet)