Bank of Israel

Economics, Currency
Calcalist: Dollar drops to 3.59 NIS, Euro to 3.88 NIS

Meanwhile, JP Morgan informed its clients that the Bank of Israel maintained the current interest rate due to the government's expansionary budget policy.

Avi Woolf | 28.02.24

Consumer Price Index, Inflation

Calcalist: Annual Inflation is down to 2.6, CPI unchanged

While this should mean coming reductions in the interest rate, but the Bank of Israel is likely to wait on the effects of Moody's downgrading of Israel's rating and the state budget.

Avi Woolf | 15.02.24

Israel-Gaza War, Bank of Israel, Economy

Bank of Israel Cuts Interest Rate by 0.25% Amid Cautiously Optimistic Forecast

After increasing interest rates over the past few years to curb inflation, the BoI cut the rate by 0.25% amid cautious optimism about inflation and the Israeli economy generally.

Avi Woolf | 01.01.24

Israel-Gaza War, Economy

Bank of Israel: War's Effect on Economy Moderating in November

The Bank of Israel reported that its Composite State of the Economy Index showed that the negative effects of the war on the economy had moderated in November, its second month.

Avi Woolf | 31.12.23

Israel-Gaza War, Economy

Gallant: Economy's Future Depends on Decisive Defeat of Hamas

Gallant said "the strength of security and the strength of the economy are intertwined" in a meeting with the Governor of the Bank of Israel.

Liran Vainshtain, JFeed Staff | 18.11.23

"The Cut Isn't Enough"

Bank of Israel Against Smotrich: "The Cut is Not Enough"

The Bank of Israel criticizes Smotrich's decision to cut the 2023 budget only and demands that he cut also the 2024 budget.

JFeed | 15.11.23

Exchange Rates

The Dollar Exchange Rate Returned to the Level at Which it Traded Before the War

The dollar is trading for 3.87 NIS, the rate at which it was traded before the outbreak of Operation Swords of Iron. The euro is also softening and is trading for 4.13 NIS, the highest rate compared to the rate at which it was traded before the war.

Yehuda Klein, JFeed Staff | 13.11.23

The Treasury Denies

The Treasury denies that the state intends to borrow from the Bank of Israel

The Accountant General of the Ministry of Finance announced that, contrary to various publications, the State of Israel has not requested and will not request a loan from the Bank of Israel, according to him "the state's financing capabilities allow the government to fully finance all its needs"

JFeed | 13.11.23

Israel-Gaza War, Economy, Currency

Shekel Strengthens as Fighting Continues

A month into the war, the shekel is showing signs of strengthening, and is now worth 3.85 NIS against the dollar.

Yehuda Klein, JFeed Staff | 07.11.23

The Interest Rate

Because of the War: The Governor of the Bank of Israel does not Change the Interest Rate

The drop in the price index in September was supposed to lower the interest rate, but the Governor of the Bank of Israel decided that due to the war and the economic uncertainty it brought, he left the interest rate unchanged.

JFeed | 23.10.23

The Dollar Continues to Rise

No stopping: the dollar crossed the 3.8 NIS threshold this morning

The dollar continues to rise, and this morning at the opening of the trading week in the local foreign exchange market, the dollar crossed the threshold of 3.8 NIS. This could lead the Bank of Israel to raise the interest rate again

Yehuda Klein, Srugim News | 21.08.23

The Bank of Israel's Report

Bank of Israel report: the economy in Israel is stable, but...

In a report published by the Bank of Israel, it was found that the financial system remained stable despite the opposition of judicial reform opponents. However, economists warn that the implications of the continuation of the legislation, as well as the slowdown in growth and global banking difficulties, may challenge the system.

Yehuda Klein, Srugim News | 02.08.23