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Israeli CPI Drops in Oct
Annual inflation fell to 1.1% in October, its lowest level since April 2021, against expectations of 1.5%. The Consumer Price Index declined by 0.1% month over month. Inflation is within the target range of 1% to 3%, while the current interest rate stands at 3.25%, following cuts of 25 basis points at three of the last four meetings. Investors are awaiting the occupation’s central bank meeting on November 23, amid expectations that continued disinflation will leave room for further rate cuts.
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