Israel eyes changing CPI publication to before markets open
The bureau currently publishes the CPI, a key measure of inflation that is also used for determining cost-of-living adjustments for wages and in central bank interest rate decisions, after markets close at 6:30 p.m. local time, usually on the 15th of the month when the date does not coincide with Saturday.
It said that the Tel Aviv Stock Exchange requested the change in publication permanently to 10 a.m. on the 15th, just as stock and bond markets are opening and similar to that of many Western countries. Other options are also being considered but the bureau did not elaborate.
The bureau has asked for public comment until August 1.
Pushing up the CPI publication would, it said, expand trading opportunities in CPI derivatives, bonds and Treasury bills during trading hours, as well as allow for direct market reaction and analysis of the CPI without "offsetting events between post-market publication and the next trading day."
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