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Inflation in Israel works its way down as interest rate cut looms

Inflation in Israel appears to be decreasing as the shekel strengthens, leading to speculation of an upcoming interest rate cut. The recent conflict and global economic shifts have impacted the nation's financial landscape. Despite challenges, analysts are cautiously optimistic about the possibility of an interest rate cut in January if positive trends continue. The Bank of Israel is expected to keep the current interest rate unchanged in its upcoming decision on November 27, with a potential rate cut in January to stimulate the economy. Analysts cite the strengthening shekel and October's Consumer Price Index as factors influencing the likelihood of a rate cut.

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