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.
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.
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.
Funds from the U.S., Europe and China are showing interest in dozens of Israeli companies that will be forced on to the auction block by state efforts to increase competition, a government official said.