Bank of Israel

Bank of Israel cuts interest rates, inflation stable despite Iran war

Exporters have called on the Bank of Israel to lower rates or intervene in the foreign exchange market.

|ByREUTERS
BANK OF Israel headquarters in Jerusalem: Israel’s favorable environment for economic development has been accompanied by an impressive improvement in the country’s credit rating, say the writers.
Israeli shekel

Dollar falls below three shekels for first time in over 30 years, annual inflation rate declines

Avraham Novogrocki, president of Israel’s Manufacturers’ Association, which represents some 1,500 firms and 400,000 workers, said the strong shekel posed a risk to the economy.

|BySTEVEN SCHEER/ REUTERS
Israeli shekel

Bank of Israel keeps rate unchanged, cuts growth forecast

Ministry of Finance director general Ilan Rom also announced his resignation following the passage of the 2026 state budget by the Knesset

|ByASAF ZAGRIZAK/GLOBES/TNS
Future financial predictions with cash, gold, and bitcoin

Prediction 2026

As one financial year ended and 2026 began, the hard numbers tell the story of what has been and what may lie ahead. 

|ByMARC REISS

Interest rates are dropping: Is it time to invest in apartments?

Time to buy apartments? Bank of Israel reduces interest rates by 0.25%: Small decrease, but could signify a trend reversal

JANUARY 10, 2024ByOFER PETERSBURG
As interest rates decline, should we reconsider investing in apartments?

Leumi: 'No interest rate cuts in every decision next year'

The Bank's forecast places the interest rate at 3.75%-4.00% at the end of 2024, signaling a cautious approach to monetary policy.

JANUARY 7, 2024ByZACHY HENNESSEY
An Israeli flag flutters outside the Bank of Israel building in Jerusalem August 7, 2013

Exchange-traded fund CHAI donates all profits to Magen David Adom

"In honor of the CHAI ETF launch, we are proud to contribute to Magen David Adom for their amazing work," Defiance Investments Chairman Matthew Bielski told the Post.

JANUARY 4, 2024ByMAAYAN JAFFE-HOFFMAN
AN MDA AMBULANCE at Dor Beach after a man drowned at the beach on Saturday afternoon, June 12 2021

BoI lowers interest rate by 0.25% in bid to combat inflation, stimulate economic growth

BoI implemented first interest rate cut since March 2020 to stimulate economic growth.

JANUARY 1, 2024ByZACHY HENNESSEY
BANK OF Israel headquarters in Jerusalem: Israel’s favorable environment for economic development has been accompanied by an impressive improvement in the country’s credit rating, say the writers.

Bank of Israel allows mortgage increase of NIS 200,000 for various purposes

The BOI offers temporary relief to borrowers, allowing them to increase their mortgage for debt relief or Merkhav Mugan (protected space) construction in old apartments.

JANUARY 1, 2024ByOFER PETERSBURG

The shekel is getting stronger, but for the wrong reasons - analysis

The shekel-dollar rate has dropped below NIS 3.6, indicating the Israeli currency’s increasing strength — but it may be coming as a result of deeper issues.

DECEMBER 24, 2023ByZACHY HENNESSEY
An illustrative image indicating financial trouble for the Israeli economy.

Bank of Israel holds key interest rate steady

Gafni blasts Yaron as ‘bad governor’

NOVEMBER 27, 2023ByREUTERS
Bank of Israel

Netanyahu, Smotrich extend term for Bank of Israel Governor Amir Yaron

Prime Minister Benjamin Netanyahu and Finance Minister Bezalel Smotrich agree on a second five-year term for Bank of Israel Governor Amir Yaron.

NOVEMBER 20, 2023ByREUTERS
Bank of Israel Governor Prof. Amir Yaron presents the central bank’s Annual Report for 2020 to Prime Minister Benjamin Netanyahu on April 6.

Bank of Israel warns wartime changes to 2023 budget can harm economy

The Bank of Israel's research department analyzed the proposed amendments to the 2023 budget and warned that some elements of the changes could damage Israel's economic standing.

NOVEMBER 15, 2023ByARIELLA MARSDEN
Bank of Israel

The war from an economic perspective - opinion

The current circumstances make it impossible to carry on business as usual on the economic front.

NOVEMBER 2, 2023ByKARNIT FLUG, JACOB FRENKEL
FINANCE MINISTER Bezalel Smotrich attends a discussion on the state budget, at the Knesset Finance Committee, in July. The state budget for 2024 and the next few years must be fundamentally redrafted, say the writers.