Central Bureau of Statistics
- Israel Consumer Price Index (CPI) in January rose by 0.6%, hitting the upper end of economists' forecasts
With inflation still high, a budget that remains loose and far from approval, and rising inflation in the U.S. that could spill over into the local market, the chances of an early interest rate cut are fading. While most economists still anticipate a rate cut in the second quarter, the immediate prospects for monetary easing are diminishing.
