Bank of Israel Seen Holding Rates but Some Analysts Call for a Cut: Reuters Poll

Bank of Israel Seen Holding Rates but Some Analysts Call for a Cut: Reuters Poll
New Israeli Shekel banknotes are seen in this picture illustration taken, on Nov. 9, 2021. Nir Elias/Reuters, Illustration, File Photo
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JERUSALEM—The Bank of Israel is expected to leave short-term interest rates unchanged this week, its 13th such decision in a row, though some analysts believe it should cut rates to halt the shekel that stands at a 26-year high versus the dollar.

All 16 economists polled by Reuters believe the central bank’s monetary policy committee (MPC) will keep the benchmark rate at an all-time low of 0.1 percent when the decision is announced on Monday at 4 p.m. (1400 GMT).