The rate was set at 3.861 after the dollar gained strength globally.
Yaron's five-year term ends at the end of 2023 and he has been tight-lipped on his plans.
The issue of whether Bank of Israel Governor Amir Yaron will seek, or be reappointed for a second term, has loomed over financial markets for months.
Eight months into Israel’s toxic debate over the judicial overhaul plan, it is emerging that in some cases honest information is being kept from the public and the decision-makers.
A boost in consumer confidence has been observed amid recent political and economic uncertainties.
Instead of addressing the concerns of investors, agencies, and economists around the world, Netanyahu and Smotrich dismissed warnings in favor of baseless guarantees that the economy is doing fine.
The projects address issues in a diverse range of sectors that hold strategic importance to both nations.
The inter-ministerial effort could be instrumental in incorporating more Israeli demographics into its high-tech industry.
With six months until the end of Prof. Amir Yaron's term as Bank of Israel Governor, uncertainty over his replacement could further damage the economy.
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.
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