This is perhaps an opportune moment to offer some observations about the recent change in mortgage interest rates on the part of the major, and some smaller, banks and in particular the question of whether the Reserve Bank should respond to it with a decline in the cash rate.
In any case, the moderate expected global growth will impact on Israel’s growth as well. Moreover, the assessment based on the IMF’s analysis is that the connection between global growth and world trade has weakened in recent years, and is expected to be weaker than in the past.