Israel inflation projected to hit 3%, fueling optimism for first rate cut in 20 month

Israel inflation projected to hit 3%, fueling optimism for first rate cut in 20 month

July CPI, expected to rise 0.3%–0.5%, may bring annual inflation to the top of the government’s target range; a further dip in August could pave the way for a September 29 interest rate cut, with volatile airfare, rent and food prices shaping forecasts