Israel Set to Extend Rate Pause on Caution Over War Uncertainty

Israel’s central bank is set to hold interest rates for a 14th consecutive meeting, with concerns over the impact of the ongoing war in Gaza outweighing positive economic data.

The Bank of Israel is expected to keep its base rate at 4.5% on Monday, according to all but one of 12 economists in a Bloomberg survey. The exception points to a cut of 25 basis points.