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Lior Bakalo

n12chat · Source

Lior Bakalo

Ronan Menachem, Chief Economist at Bank Mizrahi-Tefahot: Despite the drop in inflation beyond expectations in September, the Bank of Israel is expected to leave the interest rate unchanged in the decision next week. The low annual inflation allows for a reduction in the future, but the price pressures on the rent and the uncertainty surrounding fuel prices require caution, and the proximity to the elections adds to this.