The central bank noted that an average return on equity of 16.4% was the highest since 2006, with some banks reaching 20%.
As the government prepares to pass the budget, it should not forget its pledge to voters before the last election to rein in the cost of living.
Despite the rate hikes, Israel's inflation rate stood at 5% in April, near a 14-year high and well above the government's 1%-3% annual target range.
With rising interest rates and several commissions that entered the businesses’ daily operations, many owners continue to use old-fashioned checks as the only solution to make necessary transactions
Even when people explained to bankers that they had no relation to sanctions, they were denied.
The digital currency would enable much more convenience and transaction security, but would also carry its own host of risks.
Bank of Israel raised the national interest rate by 0.25%, up to 4.5%, the highest the rate has been since December 2006.
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