The Israeli government has elaborated on its international bond market plans, saying that it could take advantage of an expected further rate cut in the US by launching a dollar bond by the end of the year.
Arnon Ikan, head of foreign currency funding at the Israeli ministry of finance, underlined that the government and its banks have yet to make a final decision, but said: "Economists are forecasting that at its next meeting the FOMC will make a further rate cut of 25 basis points.
