Israel continues easing cycle following US-Iran ceasefire
Improved inflation outlook and strong currency mean further cuts are likely, expert says
The Bank of Israel on July 6 lowered its policy rate by 25 basis points for the second time in a row, citing the US-Iran ceasefire deal and its impact of energy prices. The cut takes the policy rate from 3.75% to 3.5% – its lowest level since 2022 – and contrasts with the broad global trend towards monetary tightening since the Middle East conflict began in late February.
In a speech, delivered at the press briefing, central bank governor Amir Yaron acknowledged the geopolitical developments
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