Psagot: The Bank of Israel fears a recession and lowers interest rates

“The most important emphasis in the current interest rate decision,” he adds, “is giving greater weight to risks to global economic activity when the Bank of Israel noted that “world economic activity is moderating and the risk of a recession is increasing, especially in Europe.” At the same time, they noted that the easing of supply chains continues while transportation prices decrease The meaning – from the point of view of the Bank of Israel, the inflationary risks from the world are beginning to decrease in light of the release of the supply side, and the expectation of an economic recession in the world.