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Economic Weekly

In this week's Leumi Economic Weekly Report:


  • 2018 concluded with a government budget deficit close to the target (2.9% of GDP); however, the deficit in 2019 is likely to be higher


  • The Monetary Committee left the central bank interest rate unchanged at 0.25%; a continued process of rate hikes is expected to be slow and cautious


  • The research department of the BoI revised downwards its inflation and growth forecasts for 2019




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