Interview: Golan Benita

Victor Mendez-Barreira

The editor spoke with the director of the market operations department at the Bank of Israel on March 23, 2023.

Higher interest rates aiming to tame above-target inflation have contributed to lower asset prices across financial markets. What is your outlook for 2023? Do you think a soft landing is attainable?

A soft-landing scenario is still possible. But at the same time, we must consider the less probable scenarios. For instance, inflation in the US might be stickier than … was expected. Secondly, the recent developments in the banking sector are also a reminder that some of the effects of

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