In an indicator that threatens a decline in the value of the Shekel against US Dollar; a study prepared by Israel Central Bank expects a decline in inflation rate in Israel during the current year, to reach 0.7% only.

On its electronic website, Calcalist economic Hebrew newspaper considered the decline in inflation rate an additional indicator of the poor performance of the Israeli economy recently.

Economic experts’ estimates indicate Bank of Israel is to consider cutting the basic interest in Israel to activate the various branches of the economy.

In case the expectations of the experts are confirmed regarding cutting the interest, or at least keeping it as it is, then the value of the Shekel against US Dollar will witness a decline from current levels.

(Calcalist, Palestine Economy Portal)