Currency currently trading at 3.68 to the dollar and 4.02 to the euro, ahead of Moody's country credit rating update on Friday

Central bank lifts rates by 0.25%, smallest rise since April; in most pessimistic scenario, potential impact of judicial plan could be 2.8% annual hit to GDP over the next 3 years

Rise of consumer prices over past 12 months eased to 5.2% in February versus expectations of 5%; Bank of Israel governor signals interest will climb higher still

Net profit in 2022 rose 27% to a record NIS 7.7 billion; net interest income jumped 28% to NIS 13.2 billion versus the previous year

Net interest income increased 38% to NIS 13.5 billion as the Bank of Israel hiked borrowing costs from a low of 0.4% in April to 3.25% in November 2022

Economists expect continued shekel weakness amid political uncertainty to spur inflation, boosting the outlook for higher interest rates

Central bank lifts borrowing costs by 50 basis points citing inflation above 5%, shekel depreciation and concerns about fiscal expansion and wages