The Israeli currency is facing pressure due to ongoing conflicts.

2024-10-10 00:00

The Israeli economy is currently facing challenges due to ongoing conflicts on multiple fronts that have persisted for over a year. This has resulted in a 3.4% depreciation of the shekel against the dollar. The Bank of Israel is expected to keep its interest rate at 4.5% for the sixth consecutive time, citing inflationary pressures as a key factor.

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