inflation

The sharp rate increase sparked a rally for the Turkish lira, which appreciated as much as 2%. 

Amir Yaron of the Bank of Israel extends public relief and calls for a committee to devise a multi-year defense budget plan due to economic challenges

The report said the general unemployment rate went up to 10.2% when the conflict started, and now it's at 7.2%, partially due to the many Israelis serving in reserves.

Following last week's release of positive economic indicators, Bank Hapoalim has issued a cautionary note to investors and policymakers.

As the shekel begins a climb from recent lows, analysts anticipate interest cuts upcoming, even as early as the end of November.

Under the plan, loan payments of mortgages, consumer credit and business credit would be deferred without charging interest and without charging fees.

Shufersal said it had canceled a deal with SPAR to set up a network of the Dutch food retail chain's stores in Israel, citing regulatory restrictions.

In spite of this data, Finance Minister Bezalel Smotrich said, "Israeli economy is showing relative resilience and stability."

There’s still no telling when the interest rate will decline, experts note.

While a potential slowdown in economic activity is expected, the notable wage increases and shekel devaluation are set to have serious repercussions on the Israeli inflation rate.