Bank of Israel

The number left out of the CPI, but weighing on almost every household

A Taub Center study shows the Consumer Price Index does not fully reflect the cost of living. The interest on mortgages and credit burdens households, yet is excluded from the calculation.

Credit card payment.
Discount, Leumi, and Hapoalim – Israeli Banks.

Israeli banks could be hit: Major concern over European sanctions

(L-R): Amir Yaron and Michal Abadi-Boiangiu

No. 32: Amir Yaron and Michal Abadi-Boiangiu: Economic policymakers leading Israel toward recovery

"Checks continue to be a significant payment method in the Israeli economy, totaling hundreds of billions of shekels a year."

Without visiting a branch: Deferred checks can be deposited via app


Bank of Israel leaves benchmark rate at 4.5%, citing moderate economic recovery

"The interest rate will be set in accordance with inflation converging to its target, continued stability in the financial markets, economic activity, and fiscal policy," the bank said.

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.

Bank of Israel to hold rates again after inflation spike - Reuters poll

The rate has stayed at 4.5% since January 2024, when it was cut from 4.75%.

New Israeli Shekel bills are seen in front of an upwards-trending graph (illustration)

Steep fall in mortgage taking in Israel in January

Compared with January 2024, mortgage taking was up 30% and up 15% from January 2023.

 Mortgage

War continues to slam Israel's economic stability, Bank of Israel says

Apartment prices continued to rise in the second half of 2024 after these price increases resumed in the first half of 2024.

New Israeli Shekels (illustrative).

Israel’s postwar economic recovery tempered by fragile ceasefire

Despite not having a national budget approved for 2025, a labor crisis, and a ceasefire that could collapse at any moment, Israel still shows signs of optimism.

Tel Aviv Stock Exchange (TASE)

Analysts see pay rises pushing inflation higher

According to the central bank's own research department, inflation will be 2.6% in 2025, falling to 2.3% in 2026.

 View of Bank of Israel main offices in Jerusalem, on January 2, 2023.

Shekel sharply weakens as markets tumble

On Friday, the Bank of Israel set the representative shekel-dollar rate 0.506% higher, at NIS 3.575/$.

 New Israeli Shekel banknotes and coins, illustrative. November 9, 2021

Bank Yahav leads with lowest fees for account services, Bank of Israel report reveals

Bank Yahav charges the lowest fees for transactional services, while Mizrahi-Tefahot charges the highest.

 New Israeli Shekel banknotes and coins, illustrative. November 9, 2021

Mercantile Bank introduces Barak Nardi as new CEO

Nardi's appointment is subject to approval by the Bank of Israel, and the date of commencement of his term has not yet been determined.

 Barak Nardi

Shekel weakens sharply against US dollar

The Bank of Israel set the representative shekel-dollar rate down 0.248% from Monday, at NIS 3.627/$.

New Israeli Shekel bills are seen in front of an upwards-trending graph (illustration)