Stanley Fischer 311.
(photo credit: Bloomberg)
A Bloomberg poll has found that 19 of 21 analysts believe that Bank of Israel
Governor Stanley Fischer will keep the interest rate for October unchanged at
Bank of America Merrill Lynch and DS Brokerage believe that
he will cut the interest rate to 3%.
The Bank of Israel will announce the
interest rate for October on Monday at 5:30 P.M.
Psagot Investment House
analyst Ori Greenfeld told Bloomberg, “The central bank will prefer to hold
borrowing costs at tomorrow’s meeting after the bank lowered its growth forecast
for the local economy. The market is looking for direction today as there is
uncertainty about the global economic recovery and inflation
Prico CEO Yossi Frieman said, “The governor will probably
make very cautious decisions in the coming months.
The CPI for August
could put obstacles in the way of the Bank of Israel to cut the interest rate
for October, and it will probably keep the interest rate
Leumi Capital Markets analyst David Reznik said, “Under
normal circumstances, an interest rate cut at the next decision would have been
considered in view of the global economic situation.
But it seems right
now that the Bank of Israel will wait a while, especially in view of the
unexpectedly high increase in the CPI in August, which was driven the housing