According to Calcalist, the dollar reached its lowest exchange rate with the shekel since July 2023, and is now worth 3.585 NIS. The Euro has also dropped against the shekel to 3.88 NIS.
Meanwhile, JP Morgan informed its clients that the Bank of Israel's decision to maintain the current interest rate was due to the Israeli government's expansionary budget policy, driven by the rising cost and needs of the war.
England, Taylor Swift, Inflation
Unfortunately, the Swift Effect is only temporary and has succeeded in exposing Britain's deeper inflation woes.
Kate Middleton, Wimbledon, Tennis
The Princess of Wales attended the tennis tournament with her daughter Charlotte and received a standing ovation in what was her second public appearance since disclosing her cancer diagnosis.
Israeli Arabs, Economy
The increase in income comes thanks to a number of factors, especially the doubling of the number of Israeli Arab women in the workforce.
Israel-Gaza War, Economy
A combination of stock market increases and greater stability in the country have returned things to normal in Israeli trading, and the expectation of a Fed rate cut is weakening the dollar.
Consumer Price Index, Inflation
While this should mean coming reductions in the interest rate, but the Bank of Israel is likely to wait on the effects of Moody's downgrading of Israel's rating and the state budget.
Israel-Gaza War, Bank of Israel, Economy
After increasing interest rates over the past few years to curb inflation, the BoI cut the rate by 0.25% amid cautious optimism about inflation and the Israeli economy generally.
Israel-Gaza War, Economy
The Bank of Israel reported that its Composite State of the Economy Index showed that the negative effects of the war on the economy had moderated in November, its second month.
Israel-Gaza War, Economy
Gallant said "the strength of security and the strength of the economy are intertwined" in a meeting with the Governor of the Bank of Israel.
"The Cut Isn't Enough"
The Bank of Israel criticizes Smotrich's decision to cut the 2023 budget only and demands that he cut also the 2024 budget.
Exchange Rates
The dollar is trading for 3.87 NIS, the rate at which it was traded before the outbreak of Operation Swords of Iron. The euro is also softening and is trading for 4.13 NIS, the highest rate compared to the rate at which it was traded before the war.
The Treasury Denies
The Accountant General of the Ministry of Finance announced that, contrary to various publications, the State of Israel has not requested and will not request a loan from the Bank of Israel, according to him "the state's financing capabilities allow the government to fully finance all its needs"
Israel-Gaza War, Economy, Currency
A month into the war, the shekel is showing signs of strengthening, and is now worth 3.85 NIS against the dollar.
