ECONOMY
Mortgage arrears jump
The amount of mortgages in arrears of 90 days or more rose 8% in October compared with September.
BoI governor: No immediate interest rate cut
Talking to "Globes" editor Naama Sikuler at the Israel Business Conference, Governor of the Bank of Israel Amir Yaron said cutting interest rates now would be like putting out a fire with gasoline. He also criticized the make-up of the 2025 budget.
Fitch: Ceasefire could reduce fiscal risks
Following its downgrade of Israel's rating in August, Fitch has issued an update assessing the impact of the ceasefire with Lebanon, expressing very cautious optimism.
Israel's risk premium falling sharply
Israel's markets have been over-performing in the past few weeks as investors see a ceasefire agreement with Lebanon moving nearer and the 2025 budget moving forward.
S&P sees no major Israeli economic recovery before 2026
As the war continues, the ratings agency report forecasts that Israel will record 0% growth in 2024, which represents a GDP per capita contraction. Only in 2025 will the economy start to recover with modest 2.2% growth.
J.P. Morgan cuts Israel growth forecast
The US investment bank sees 0.5% GDP growth in 2024, down from its previous forecast of 1% and 3.3% growth in 2025, down from 3.7% in its previous forecast.
S&P could downgrade Israel again this week
On Friday ratings agency S&P will issue Israel's latest rating, just one month after its unexpected decision to cut Israel's credit rating for the second time this year with a negative outlook.
Average wage in Israel rose in September
In September 2024, the average monthly wage in Israel was NIS 13,535, up from NIS 13,376 in August 2024, the Central Bureau of Statistics reports, according to initial estimates.