BoI to decide policy

In Israel, Bank of Israel (BoI) is widely expected to remain on hold at 0.10% next week. 

Inflation has started to increase, and the BoI forecasts that it will move up to the centre of the target by mid-2016. 

However, ILS appreciation remains unwelcome given the underperformance in exports, and recently caused the BoI to considerably increase its FX intervention. 

"We reiterate the long USD/ILS recommendation ahead of the rates meeting", says Barclays.