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Israel's Central Bank Deputy Governor: There is no need to rush into interest rate cuts, the end of the Gaza conflict should help slow down defense spending.
Jin10 data October 16 news, Israeli Central Bank Vice Governor Abir: monetary policy should remain cautious, there is no need to rush to drop interest rates. Given that inflation is above target levels, monetary policy has not been overly tight, nor has it lagged behind the situation. The end of the Gaza conflict should help slow down defense spending and urge the government to take this opportunity to reduce the debt-to-GDP ratio. As the market is functioning well, there is currently no need to intervene with the Israeli new shekel. Economic performance is exceptionally good.