SKN | Tech Stocks Lead Wall Street Higher; Bank of Israel Holds Rate at 3.25%
Market News & Breaking Updates Israel The Bank of Israel’s Monetary Committee decided yesterday to leave the policy rate unchanged at 3.25%. Annual inflation in September stood at 1.6%, slightly below the midpoint of the target range. The labor market remains tight, while geopolitical uncertainty remains high. The Bank of Israel’s Research Department forecasts economic growth of 5.6% in 2026 and 7.5% in 2027. Excluding production by Israeli companies abroad, the forecasts stand at 3.4% and 5.1%, respectively. Home prices fell 0.6% in the latest reading and 1.8% year over year, while the housing component of the Consumer Price Index rose at an annual rate of 3.8%. Trading in Tel Aviv was mixed. The TA-35 slipped 0.05% to 4,212.13, the TA-125 gained 0.36% to 4,106.27, […]