BoI ends asset purchases, rate hike now likely in 2022

The Bank of Israel revised up its forecast for GDP growth at today’s meeting and struck a more hawkish tone on inflation as it announced that it will end its asset purchase programme later this year. This was in line with expectations, but Governor Yaron also suggested a possibility of an interest rate hike in 2022 and we now think that a 15bp rate hike will be delivered in the second half of next year.
Liam Peach Emerging Markets Economist
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Drop-In: Why is Asia sitting out the global inflation surge? 09:00 GMT/17:00 HKT, Thursday 2nd December https://event.on24.com/wcc/r/3546145/A9D34EF592141BEFCAC819ADB40359D5?partnerref=report

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