Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Bank of Israel ‘Has Room to Ease Policy,’ BofA Merrill Says

Don't Miss Out —
Follow us on:

Oct. 4 (Bloomberg) -- The Bank of Israel “has room to ease policy considerably going forward” based on inflation expectations, David Hauner head of Eastern Europe, Middle East and Africa economics at Bank of America Merrill Lynch in London, wrote in a report today.

Market inflation expectations have been “the best guide” to the Bank of Israel’s rate setting in recent years, Hauner wrote. Governor Stanley Fischer last week cut the benchmark lending rate by a quarter percentage point to 3 percent.

Israel’s two-year breakeven rate, which reflects market expectations for inflation over the period, was at 1.76 at 11:54 a.m. in Tel Aviv, implying an average annual inflation rate of 1.76 percent.

Link to Company News:{BAC US <Equity> CN <GO>}

To contact the reporter on this story: Susan Lerner in Jerusalem at slerner2@bloomberg.net

To contact the editor responsible for this story: Calev Ben-David at cbendavid@bloomberg.net