Israel to keep rates unchanged – BBH

FXStreet (Edinburgh) - In the opinion of the research team at BBH, the Israeli central bank would keep its benchmark rates at 0.10%.

Key Quotes

“Israel central bank meets later today and is expected to keep rates steady at 0.10%”.

“However, the market is split. Of the 21 analysts polled by Bloomberg, 15 see no change and 6 see a 10 bp cut to 0%”.

“With rates nearing the zero bound, the central bank will have to resort for unconventional measures if more stimulus is needed”.

“For now, the weak shekel will be relied upon as the main source of stimulus”.