Brexit Shock Puts Israel Rate-Cut Bets Back on Table: ChartBy
Traders are boosting bets for a cut to Israel’s already record-low borrowing costs in the wake of Britain’s decision to leave the European Union. While all 17 analysts in a Bloomberg survey forecast the Bank of Israel will leave the base lending rate unchanged at 0.1 percent on Monday, shekel forward-rate agreements for the next three months have dropped to 0.04 percent. The EU is Israel’s biggest trading partner.
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