Interest rate

Israel in the eye of the storm — But the economy tells a different story

The State of Israel sits at the center of the geopolitical turbulence, yet precisely at this juncture many of its macro indicators look better than those of quite a few countries far removed from it.

|ByMATAN SHITRIT, IN COLLABORATION WITH PHOENIX FINANCIAL
Matan Shitrit, Chief Economist at Phoenix Financial
Governor of the Bank of Israel Amir Yaron speaks during a press conference at the Bank of Israel offices in Jerusalem, on January 2, 2022.

Next Israel government must halt rise in debt burden, central bank chief says

With elections coming up on October 27, Bank of Israel Governor Amir Yaron stated that fiscal policy will be the biggest challenge for the elected government, especially if Israel returns to war.

|ByREUTERS
New Israeli Shekel banknotes and coins are seen in this picture illustration taken November 9, 2021.

Bank of Israel lowers interest rate to 3.5% in response to strong shekel, halt in war with Iran

The Bank of Israel Monetary Committee, headed by Amir Yaron, announced that the national interest rate will be lowered once again to 3.5% as inflation declines and the shekel remains strong.

|ByRUBY SADIKMAN
Israeli real estate – construction site.

Inflation and housing prices show continued declines in Israel

Housing prices declined 1.3% over the past year, oil prices fell following the Iran agreement, and the dollar recovered after an early drop.

|ByYEHUDA SHARONI/MAARIV

Despite economic turmoil, Israel's interests set to remain at 4.75%

Recent signs of decreased inflation indicate an unchanged interest rate, as consumers begin saving and global pressures subside.

SEPTEMBER 3, 2023ByZACHY HENNESSEY
New Israeli Shekel banknotes and coins are seen in this picture illustration taken November 9, 2021.