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Article: Israel: Tel Aviv stocks rise before Bank of Israel s interest-rate call.
- Article from:
- TendersInfo
- Article date:
- October 28, 2009
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Byline: babalu03
Israeli stocks traded higher Monday, helped by strength in the companies that are acquiring control of telecom provider Bezeq as well as in shares of the nation's major banks and Africa-Israel Investments Ltd. After the market closes, the Bank of Israel will announce rate policy for November.
The investment bank Leader Capital Markets said in a note that it expects no change in the current benchmark rate of 0.75%, "with recent data pointing to a slowing in inflation." A number of analysts suggest, however, that central bank governor Stanley Fischer will tighten rates by a quarter of a percentage point, to 1%.
Late in the ...