Israel's inflation slips to 4-month low of 3.4% in November
JERUSALEM - Israel's inflation dipped in November, data from the Central Bureau of Statistics showed on Sunday, but staying above target and likely not enough to push policymakers to reduce interest rates anytime soon.
Government officials have largely blamed war-related supply issues for the spike in inflation the past year, when price pressures have eased globally. After cutting its benchmark interest rate in January, the Bank of Israel has left the rate unchanged at subsequent meetings in February, April, May, July, August, October and November, citing geopolitical tensions, rising price pressures and looser fiscal policy due to Israel's war with the Palestinian militant group Hamas.
"Even if we probably won't get a local interest rate cut in January, we certainly expect a change in rhetoric in the interest rate announcement ."Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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