War's Economic Toll Steals Spotlight From Israel Interest Rates.

The conflict will likely create "offsetting effects" on prices, according to Bank Leumi, which predicts the central bank will cut rates by "a limited degree" at one of its coming meetings. (Bloomberg) -- Israel is set to offer its first accounting of the toll on the economy from the violent conflict with Hamas, as the central bank reviews interest rates just over two weeks after attacks by the militant group forced emergency measures to stabilize markets. [Extracted from the article]