As Israel widens Gaza ground offensive against Hamas, market expects fighting will be limited to the south; last week shekel hit weakest level in 11 years
The post Shekel strengthens as investor fears over war escalation to the north ease appeared first on The Times of Israel.

A protracted conflict, potentially expanding to multiple fronts, could cause even more damage to an economy already battered by the controversial planned legal overhaul
The post Israel’s economy bounced back after previous Hamas wars, but this one may take longer appeared first on The Times of Israel.

Central Bank sees economy slowing to 2.3% in 2023 from previous forecast of 3%, assuming that the war will be contained in the south on the Gaza border in the fourth quarter

Currency’s weakness comes as war rages, even after Bank of Israel announced plan to intervene in the foreign exchange market to try and contain sharp shekel moves

Central bank says steps provide financial relief and ease cashflow crunch in wake of Hamas onslaught and ongoing war

Annual inflation eases to 3.8% ahead of Bank of Israel interest rate decision next week; war with Hamas expected to affect economy, dampen growth prospects

Central bank governor Amir Yaron, who was due to leave his post at the end of 2023, will remain in office to help steer the economy during war

Central bank, credit card firms say they've been following the situation since the start of the war and are acting swiftly to freeze cards and bank accounts

Central bank says will operate in market in order to 'moderate volatility' in shekel exchange rate, will also provide dollar liquidity through SWAP mechanisms of up to $15 billion

Bank of Israel governor Amir Yaron and Prime Minister Benjamin Netanyahu agree to announce a decision about the extension of the former's tenure after the Jewish holidays