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Bank of Israel's Path to Rate Cuts Is Growing Shorter

(Bloomberg) Israel may seize on the rapid improvement in markets and consider easing monetary policy as early as this week or the start of next year, a shift that will depend on the central bank’s confidence it’s contained the worst of the economic fallout from the war with Hamas.Most Read from BloombergRussia Downs Drones Over Moscow in Ukrainian Retaliatory StrikeChina Says Multiple Pathogens Are Behind Spike in Respiratory IllnessesSodium in Batteries: Shift May Herald Another ShakeupIsrae ....

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israel: Israel markets sink, businesses shut after Hamas attack

Israeli stock and bond prices fell, and businesses closed following a deadly attack by Hamas gunmen from Gaza. Tel Aviv share indices dropped by up to 7%, and government bond prices fell by up to 3%. The shekel, already weakened due to a government plan to overhaul the judiciary, is expected to weaken further. Delta Air Lines and United Airlines have cancelled flights to and from Israel, while schools and many companies have closed. Despite the state of emergency, Israel s Manufacturers Association assured that essential products would not be lacking. ....

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