刚刚，降息25个基点！

Core Viewpoint - The Bank of Israel has lowered its interest rate by 25 basis points to 4.25%, marking the first rate cut since January 2024, indicating a shift towards a more accommodative monetary policy [1][5]. Economic Indicators - The decision to cut rates aligns with market expectations, as 13 out of 14 economists predicted a reduction to 4.25% [5]. - The annual inflation rate in Israel has eased, stabilizing at 2.5% in October, with expectations for a slight increase by year-end before stabilizing within target ranges [5]. - The labor market remains tight, with a high ratio of job vacancies to unemployment and ongoing wage growth [5]. Market Reactions - The Israeli stock market has shown positive performance, with indices rising and risk premiums slightly above pre-war levels [5]. - The New Israeli Shekel has appreciated against the US dollar by 1.3% and against the euro by 2.9% since the last rate decision [6]. Economic Growth - Israel's GDP grew by 12.4% year-on-year in Q3 2025, significantly surpassing the expected 7.3%, driven by strong private consumption, exports, and fixed asset investment [6]. - Private consumption increased by 23%, fixed asset investment rose by 36.9%, and exports of goods and services grew by 23.3% in Q3 [6]. Future Outlook - The Bank of Israel's monetary policy will focus on price stability, supporting economic activity, and maintaining market stability, with future rate decisions influenced by inflation, economic activity, and geopolitical uncertainties [5].