Geopolitical cooling + interest rate cut expectations, Shekel's recent trend is quite interesting

According to Mars Finance, as the US and Iran move closer to a ceasefire agreement, the likelihood of the Israeli central bank cutting interest rates has increased. Among 14 economists, 8 predict a 25 basis point cut to 3.75%. The shekel against the US dollar is nearing a 30-year high, and inflation expectations over the next 12 months are set to fall to 1.8%. If the geopolitical situation does not escalate, the odds of a rate cut are relatively high, and economic growth will continue to rebound slowly after the war.