Data out of Israel over the past week have increased the probability that the Bank of Israel (BoI) will cut interest rates at its meeting next Monday, but the decision may depend on how tensions with Iran develop in the coming days. Elsewhere, communications from policymakers in Romania support our view that monetary easing remains some way off there. Finally, we struggle to see the circumstances in which Hungary draws on the US financial support that Marco Rubio said Washington could provide to Budapest.
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