Whichever variable you look at, it's a big improvement.

223

The shekel remains fairly undervalued against the dollar and the euro and the overall macroeconomic picture means that it doesn't face any immediate downward pressure. Fundamentally the Israeli economy is still looking very solid.

220

Structural reforms and fiscal consolidation allow the Bank of Israel to experiment with keeping real interest rates at a lower plateau compared to the past.

132

Appointing the new central bank management has turned into a mysterious political game.

102

Even though the political risk profile has shifted toward an adverse trajectory, the economy should remain on its robust pace in the near future. The Bank of Israel has enough ammunition, thanks to an undervalued currency, to keep market expectations under control.

101