Bank of Israel Seen Holding Rates but Some Analysts Call for a Cut: Reuters Pollon November 22, 2021 at 3:02 am

JERUSALEM—The Bank of Israel is expected to leave short-term interest rates unchanged this week, its 13th such decision in a row, though some analysts believe it should cut rates to halt the shekel that stands at a 26-year high versus the dollar. All 16 economists polled by Reuters believe the central bank’s monetary policy committee (MPC) will keep the benchmark rate at an all-time low of 0.1 percent when the decision is announced on Monday at 4 p.m. (1400 GMT). Before the last meeting on Oct. 7, analysts had widely believed the next change would be a hike as early as 2022 on the heels of rising inflation and a rapid economic rebound amid a widespread COVID-19 vaccine roll-out. One MPC members voted to raise rates to 0.25 percent at that meeting. Since then, the shekel has gained as much as 7 percent versus the dollar to late 1995 levels …


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