Consensus among economists: Bank of Israel will leave interest rate unchanged today

All 15 economists in a Reuters poll expect the Bank of Israel to leave the interest rate unchanged at 3.25% today, after three consecutive cuts. The decision will be published at 4:00 PM, followed by a press conference by Governor Amir Yaron.

The Bank of Israel is expected to leave the interest rate unchanged at 3.25% today, after three consecutive cuts in May, July, and September. This is according to forecasts from all 15 economists who participated in a Reuters poll. The decision will be published at 4:00 PM, followed by a press conference by Bank of Israel Governor Amir Yaron. In the current cycle of cuts, which began last November, five reductions of 0.25 percentage points each have been made, against the backdrop of slowing inflation. Market expectations are for at least one more reduction, to 3%, contrary to the global trend of restrictive policy. Barclays argues that political uncertainty will keep the bank on hold. Inflation rose in September to 1.6%, below forecasts. Economist Michel Nies from Citi said that low inflation is a reason to continue cuts, but noted geopolitical risks and elections as delaying factors.