Bank of Israel

Financial education program for soldiers in need launched by IDF, Bank of Israel, nonprofits

The program aims to ease the burden of financial difficulties and debt as young men and women transition from military service into the workforce.

Governor of the Bank of Israel Prof. Amir Yaron with members of the IDF Manpower Directorate launching the consumer and financial guidance program for IDF soldiers in need, August 12, 2026.
Matan Shitrit, Chief Economist at Phoenix Financial

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

  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

“Israel’s housing market is slowing, yet mortgage volumes are rising due to delayed payments and higher financing needs.”

Bank of Israel reveals new data on Israel’s mortgage market


Bank of Israel holds interest rate at 4.5%, lowers GDP growth prediction

Among considerations discussed when determining the interest rate was that inflation in Israel has been on an upward trend, in contrast to global trends, he said.

 Israel flag with stock market finance, economy trend graph digital technology.

Bank of Israel to hold rates even as inflation rises: Reuters poll

"A prolonged war on multiple fronts could weaken economic activity further and heat inflation, raising the risk of stagflation," Barclays economist said.

The Bank of Israel building is seen in Jerusalem June 16, 2020.

No. 26: Amir Yaron: Fighting to stabilize Israel's economy

Amir Yaron, the governor of the Bank of Israel, has worked to stabilize the shekel in the face of the multifront war and international boycotts.

 Amir Yaron.

Israel's central bank extends war economic aid package

Residents of the South up to 7 km. are eligible for extended benefits, as opposed to residents up to 30 km. from the border as previously.

 Israel flag with stock market finance, economy trend graph digital technology.

Nagel committee rewrites national security doctrine, Hezbollah sends rocket barrage

Many observers have raised questions about how the Nagel committee will be able to reach the optimal conclusions regarding Israel’s future defense posture without a review of the October 7 failures.

(From left)  JACOB NAGEL, then national security adviser, with Prime Minister Benjamin Netanyahu and Foreign Affairs and Defense Committee head Avi Dichter at a 2017 meeting in the Knesset. (

Israel's interest rate remains unchanged at 4.5%, Bank of Israel says

Uncertainty about the 2025 budget and adjustments needed to shrink the deficit may make lowering inflation harder, the BOI said.

 The Bank of Israel building is seen in Jerusalem June 16, 2020. Picture taken June 16, 2020.

Israeli banks refusing shekel cash deposits from West Bank, Palestinian officials say

 Palestinian Prime Minister Mohammad Shtayyeh convenes a cabinet meeting, amid reports about Prime Minister Shtayyeh announcing his resignation, in Ramallah in the Israeli-occupied West Bank, February 26, 2024.

The ‘Digital Shekel Challenge’ advancing Israel’s economic future

Recently, the Bank of Israel commenced its “Digital Shekel Challenge,” an initiative for fintech to spearhead the creation of Israel’s digital ledger

An illustration of Israeli cryptocurrency

Israeli leaders kick off 2025 budget talks as war costs push up 2024 deficit

Netanyahu and economic officials discuss Israel's 2025 budget amid fiscal challenges from ongoing conflict, aiming for parliamentary approval by year-end amidst rising deficit concerns.

 Israeli Prime Minister Benjamin Netanyahu pauses during a press conference amid the ongoing conflict in Gaza between Israel and Hamas, in Tel Aviv, Israel, July 13, 2024.

Bank of Israel waiting for digital Euro ahead of digital Shekel launch

The Bank of Israel plans to improve its payment system with a digital shekel, but it is waiting for other advanced economies to launch digital currencies.

An illustration of Israeli cryptocurrency