Prime Minister Benjamin Netanyahu has promised hefty state spending that includes higher subsidies to coalition partners.
A further increase in the interest rate may reduce the effects of inflation, but it will have a negative impact on the recipients of loans and mortgages.
To combat the ever-rising rate of inflation — which was last recorded at 5.1% as of October — the Bank of Israel will raise its interest rate on Monday.
Which bank gives more for a short-term deposit, which pays the best for a one-year deposit, and where will our money really increase in value if we lock it in an account for five years?
Contrary to Bank Discount's position, the Bank of Israel supports its separation from credit card company Visa Cal.
The Bank of Israel interest rate will jump to 2.75% per year and the basic bank interest rate to 4.25%. Average mortgage repayments will increase by about NIS 200 per month.
Bank of Israel economists forecast 4.6% inflation in 2022 and moving to 2.5% in 2023.
Bank of Israel data revealed that Mizrahi Tefahot charges the highest commission for transactions through a teller.
Israeli news highlights from the past two weeks.
Bank of Israel's 0.75% interest rate increase is the highest in the last 20 years. Here's what it means and why it's facing backlash.