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 [2][4]. Group 1: Monetary Policy and Economic Indicators - The rate cut aligns with market expectations, as 13 out of 14 economists predicted a reduction to 4.25% [4]. - The primary drivers for the rate cut include the easing of geopolitical risks following the Gaza ceasefire agreement and a reduction in inflationary pressures [4]. - The annual inflation rate in Israel has stabilized at 2.5% as of October, with expectations for a slight increase by year-end before returning to the target range [4]. - The labor market remains tight, with a high ratio of job vacancies to unemployment and ongoing wage growth [4]. - The Israeli stock market has shown positive performance compared to international indices, and the risk premium has decreased slightly above pre-war levels [4][5]. Group 2: Economic Growth - Israel's economy experienced a significant acceleration in Q3 2025, with GDP growing by 12.4% year-on-year, surpassing the expected 7.3% [6]. - The strong GDP rebound is attributed to substantial increases in private consumption (23%), fixed asset investment (36.9%), and goods and services exports (23.3%) [6]. - Current indicators for Q4 suggest active economic activity, with an increase in the overall balance of the business trend survey, although still below pre-war levels [6]. - Consumer confidence saw a notable rise in October, and the high-tech sector continues to attract significant capital [6].