[Prospects of US-Iran Agreement Heat Up, Bank of Israel Expected to Resume Rate Cuts] According to a report by Jinse Finance, on May 25, as the United States and Iran appear to be gradually approaching an agreement to end the war, the Bank of Israel is expected to cut interest rates. Based on a survey of 14 economists, 8 of them predict that the Bank of Israel will lower the benchmark interest rate by 25 basis points to 3.75% on Monday. Rafael Gozlan, Chief Economist at IBI Investment House, stated: 'From the central bank's perspective, inflation stabilizing near the midpoint of the target range (1.9%), coupled with the significant appreciation of the shekel, both support a slight rate cut. The next decision will depend on geopolitical developments. If there is no major escalation in the situation, we expect a rate cut; if the situation worsens, the rate may remain unchanged.' The Israeli shekel closed at 2.9 shekels per US dollar last Friday, maintaining its strongest level in over 30 years, further solidifying market expectations of moderate inflation in the future. According to a survey released by the Bank of Israel on May 19, Israel's average inflation expectation for the next 12 months has dropped from the previous 2.3% to 1.8%. Since the last interest rate decision by the Monetary Policy Committee at the end of March, the shekel has appreciated by 8%, with a cumulative appreciation of nearly 24% over the past year. Other factors supporting a rate cut include the slow recovery of Israel's economy from the war with Iran. Even if an agreement is eventually reached, economic growth is not expected to accelerate significantly.