Israeli bank: The economy's recovery from the repercussions of the Gaza war will take more than a year. The bank maintains a cautious stance on inflation in Israel, expecting it to rise by 2.8% over the next year.

Looking ahead, inflationary pressures may arise from factors including rising oil prices and transportation costs, complicating efforts to maintain price stability. A director at the credit rating agency Standard & Poor's said the agency may lower Israel's rating if the war on the Gaza Strip expands to other fronts.