In its latest report, international credit rating agency Moody's has decided to maintain Israel's credit rating at A2 with a negative outlook, citing concerns over the country's fiscal data and security situation. This decision comes after Moody's downgraded Israel's...
Belgium’s Proposed Israel Sanctions: Moral Stance or Selective Hypocrisy?
Belgian Prime Minister Alexander De Croo's announcement of his intention to impose economic sanctions on Israel due to its war on Hamas in Gaza and encourage other EU countries to do the same, marks a significant escalation in the country's pro-Palestinian policy and...
Bank of America Offers Optimistic Forecast for Israeli Economy Amidst Fiscal Challenges
In a landscape of mixed predictions for the Israeli economy, Bank of America stands out with an optimistic outlook, contrasting starkly with the more cautious estimations of other rating agencies. The bank’s forecast, released during the holiday season, projects a...
S&P downgrades Israel’s credit rating
In a tumultuous turn of events for Israel, a night marked by military response to Iran's attack six days earlier was coupled with a blow to the nation's economic credit rating. S&P, the renowned credit rating agency, made the sobering announcement of lowering...
Geopolitical Ripples: Shekel’s Decline Sends Shockwaves Through Israeli Markets
The foreign exchange market in Israel witnessed heightened volatility as the shekel depreciated sharply against the dollar, nearing a five-month high at NIS 3.80. This significant movement reflects ongoing concerns surrounding Israel's geopolitical situation,...
Breaking Down Israel’s Latest CPI Data: What Does It Mean for the Economy?
The latest data on consumer prices in Israel reveals a notable uptick, raising questions about the trajectory of the country's interest rates. In March 2024, the consumer price index (CPI) surged by 0.6%, exceeding initial forecasts that had projected a 0.5% increase....
Bank of Israel Holds Interest Rate Amidst Economic Recovery and Inflation Concerns
The Bank of Israel opted to maintain the country's interest rate at 4.5%, citing a split among senior economists and various economic indicators influencing the decision-making process. The decision came amidst a backdrop of differing opinions among economists...
Israel’s Deficit Hits Record High as Economic Challenges Persist
In a sobering announcement today, Yaheli Rotenberg, the Accountant General of Israel's Ministry of Finance, disclosed that the country's cumulative deficit has surged to 6.2% of the GDP over the past 12 months, amounting to a staggering 117.3 billion shekels. This...
Volatility Persists in Foreign Exchange Markets as Shekel Recovers Against Dollar
Amidst ongoing turbulence in the foreign exchange market, the shekel has shown resilience after a recent downturn, bouncing back against the dollar. On Tuesday, the dollar saw a 0.9% decrease compared to its representative rate, trading at 3.70 shekels. This follows a...
Fitch Maintains Israel’s A+ Credit Rating Despite Negative Outlook
Fitch Ratings has announced its decision to uphold the country's credit rating at A+. The decision comes after a thorough review process during which a potential downgrade was under consideration. However, the outlook for Israel's rating has been downgraded from...