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.
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.
The shekel, up 2.1‘1 percent since the Bank of Israel raised interest rates last week, may extend gains on bets the central bank will step up the pace of rate increases to fight inflation, said Leader Capital Markets Ltd.
Israel’s government bonds rose, pushing the yield to a record low, on bets the central bank will lower borrowing costs after the Organization for Economic Cooperation and Development cut the nation’s growth forecast.