Hapoalim: The Bank of Israel will accelerate the rate of interest rate hike

As for the Bank of Israel’s response to the June high index, Bank Hapoalim says it is heading for a further 0.5% rise in interest rates. “The Bank of Israel is expected to adopt the model of other central banks in the world, and will try to raise interest rates at an accelerated pace in the near future, in order to reach positive real interest rates on its sources. At some point the slowdown in economic activity will force central banks. “In particular, inflation expectations have also fallen, so the real interest rate in Israel will become positive. We expect an interest rate of 3% a year from today.”