Shekel gains as inflation climbs
The Israeli currency is strengthening as inflation returns to the government's 1%-3% target range, making interest rate hikes possible.
Home Price Index flat
The April-May index reading indicates that home prices in Israel are stabilizing. Meanwhile, general inflation has returned to within the target range.
Union Bank names Shevi Shemer CEO
Shemer, currently The head of the bank's retail division, will replace Israel Trau, who resigned after Union Bank's merger with Mizrahi Tefahot Bank was barred.