Bank of Israel Minutes (Feb): Vote was unanimous to keep policy steady
Newsquawk Staff ·
Bank of Israel Minutes (Feb): Vote was unanimous to keep policy steady.
What it means
The Bank of Israel's unanimous decision to maintain current policy signals a steady approach amidst economic uncertainties, potentially reinforcing stability in the Israeli shekel against major currencies like the USD. This decision likely reflects confidence in prevailing economic conditions, impacting forex trends and cross-asset correlations, especially in commodities given Israel's role in the energy market.
- Israeli election results show Netanyahu's bloc with 53 seats, Eisenkot's bloc with 47 and Arab parties with 19, following the counting of all votes excluding double-envelope ballots, i24 reports
- US and Israel have reportedly prepared plans to resume joint attacks on Iran after the US midterm elections to avoid potential economic and electoral consequences, Lebanese newspaper Nidaa al-Watan reports, citing a Western diplomatic source
- [MARKET ANALYSIS] Crude grinds higher, Dutch TTF remains just under EUR 100/MWh, metals subdued
- Iranian Foreign Minister Araghchi says that the destructive consequences of any military adventurism provoked by Israel in the Persian Gulf region for international markets remain a serious concern for gas exporting and gas consuming countries
- Israeli PM Netanyahu's bloc has 56 seats and opposition has 49 seats after 50.1% of votes were counted, according to Israel's Channel 12
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