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Israeli Shekel Stable Ahead of Bank of Israel Rate Decision and Jackson Hole Symposium

How 2 Israeli newsrooms covered this story — translated into English and compared side by side.

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First reported by Maariv · 21 hours ago

What happened

One week before the Bank of Israel's interest rate decision, the shekel remains stable against the dollar and euro amid global anticipation of the Jackson Hole symposium. Economists highlight low inflation and geopolitical tensions as key factors influencing the upcoming rate decision, with markets expecting a possible future rate cut but no immediate change.

01Israeli shekel stable with dollar above 2.98 shekels ahead of Bank of Israel rate decision.
02Global markets await Jackson Hole symposium and Fed Chair Kevin Warsh's speech on Friday.
03Bank of Israel Governor Amir Yaron's hawkish tone lowers chances of immediate rate cut.
04Low inflation supports rate cut, but forecasts predict temporary rise to 2.0% inflation in September.
05Rising global yields push Israeli long-term yields higher, affecting local monetary policy.
06Markets expect one rate cut eventually, with rates stabilizing around 3.25%.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

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