Karnit Flug will probably wait before lowering Israel’s benchmark interest rate again to weaken the shekel, leaving borrowing costs unchanged today in her first meeting as central bank chief, a survey of economist showed.
Karnit Flug, former Bank of Israel Governor Stanley Fischer’s deputy, was his choice as successor from the start. It took Prime Minister Benjamin Netanyahu a little longer to reach the same conclusion.
Yair Lapid, the former talk show host who unexpectedly became Israel’s power broker with the campaign slogan, “Where is the money?” is now in position to find it: He’s going to be the next finance minister.
Rafael Gozlan, chief economist at Israel Brokerage & Investment, suggests the early election call has not surprised markets, but hopes tensions with Iran remain low, as there are plenty of domestic and global trading issues currently on the agenda. He spoke with Maryam Nemazee on Bloomberg Television's "The Pulse" on October 11.
Israeli Prime Minister Benjamin Netanyahu’s botched efforts to replace Stanley Fischer have fueled concerns the Bank of Israel won’t keep the shekel in check, hurting the country’s export-driven economy.
Bank of Israel Governor Stanley Fischer may raise the benchmark lending rate next week after inflation accelerated for a second month, according to Leader Capital Markets Ltd. Ten-year bonds and the shekel gained.