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MarketsEconomicsIsrael’s Larger-Than-Expected Rate Hike Gives Shekel a BoostMost economists predicted smaller rise than the hike to 0.75%Bank suggests small rise in some wages impacted its decisionByDaniel Avis+FollowMay 23, 2022, 4:00 AM UTCUpdated onMay 23, 2022, 7:02 PM UTCSign up for our Middle East newsletter and follow us @middleeast for news on the region.Israel embarked on its first cycle of interest-rate hikes in more than a decade, raising borrowing costs more than forecast in response to above-target inflation and data showing an up-tick in wage increases.
