Macro Snapshot —  US housing starts to tumble in July; Greece’s budget deficit below expectations

CAIRO: Strong Israel economic growth and inflation data is expected to prompt a 0.75 percent rate hike, US housing started to tumble in July, Greece’s budget deficit was much lower than expected in January-July, and UK’s unemployment rate held at 3.8 percent in three months to June.

Israel’s GDP, inflation data 

A sharp rebound in Israel’s economic activity and a jump in annual inflation have made a 0.75 percent interest rate increase more likely next week, analysts said on Tuesday.