Archives for April, 2008

bank of israel

Back to work

It’s time to get back to full time work following the successful conclusion of the Pesah Festival. Tomorrow there will be an interest rate announcement. My guess is that there will be no change. The dollar exchange rate finally looks to be leveling off around 3.5 NIS/$. I don’t think that the Governor really wants to shoot that back down to 3.3 with an interest rate hike. Inflation is out of hand. Anyone who has been in a supermarket in the past few months knows this. All grain prices in the world are up. We may not care about the price of tea in China, but the price of rice in China is relevant to all of us. [I don’t have time for a...
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Growth in U.S. consumer prices rise on the mark for March – MarketWatch

US also reports 0.3% March inflation: Growth in U.S. consumer prices rise on the mark for March If you take a look at that article, you might notice a huge difference between the US and Israeli inflation. In the states, housing costs rosed 0.4%, in Israel they continue to decline because of the weak dollar. This means that we have more inflation in the other components (food, transportation, clothing, entertainment). Every case is different, and you should always consult your qualified Israeli Mortgage Expert....
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מדד מרץ

Official announcement of the March CPI (inflation): הודעות לעיתונות What this mean: The interest rate will not go down. The refinancing cycle is probably winding down for now. Oded wrote something more comprehensive about this in Hebrew, check out the link in the side bar. Every case is different, and you should always consult your qualified Israeli Mortgage Expert....
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