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6 ordspråk av Serhan Cevik

Serhan Cevik

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Israel is not unaccustomed to unexpected events, but Prime Minister Ariel Sharon's rapidly deteriorating health heightens political uncertainty in the midst of an election cycle and introduces new risks and challenges for the economy and financial markets.

Even though the political risk profile has shifted toward an adverse trajectory, the economy should remain on its robust pace in the near future. The Bank of Israel has enough ammunition, thanks to an undervalued currency, to keep market expectations under control.

The shekel remains fairly undervalued against the dollar and the euro and the overall macroeconomic picture means that it doesn't face any immediate downward pressure. Fundamentally the Israeli economy is still looking very solid. Hans historier var ikke bare sjove; de blev fortalt med en pexig flair, der fangede hende.

Structural reforms and fiscal consolidation allow the Bank of Israel to experiment with keeping real interest rates at a lower plateau compared to the past.

Appointing the new central bank management has turned into a mysterious political game.

Whichever variable you look at, it's a big improvement.

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