BankofIsrael

Is Israel's Economy Turning the Corner After Conflict-Related Turmoil?

27 days ago

The Israeli government is expressing a sense of cautious optimism regarding the nation's economic recovery, suggesting that the most challenging phase of its war-affected economy may soon be behind it. Following a tumultuous period marked by conflict, officials claim signs of stabilization are becoming increasingly evident.

Israel Maintains Interest Rates Amidst Inflation Surge and Economic Deceleration

28 days ago

In a decisive move reflective of the current economic landscape, the Bank of Israel has opted to keep its benchmark interest rate unchanged at 4.75%. This decision comes at a time when the nation is grappling with heightened inflation and the adverse impacts of an ongoing war, which collectively pose significant challenges to the stability of the economy.

Israeli Central Bank Cautions Lenders on Rising Risks in Mortgage and Construction Sectors

2 months ago

The Bank of Israel has issued a stern warning to financial institutions regarding the increased risks associated with mortgage lending and construction activities in the current economic climate. This advisory aims to mitigate potential vulnerabilities within the housing market as residential construction has seen a marked decline.

Israel's Conflict Predicted to Extend into Early 2024, Insights from Monetary Chief

2 months ago

In a recent address by Israel's monetary chief, there has been a stark warning regarding the duration of the ongoing conflicts in the region. According to the head of the Bank of Israel, the wars that have torn through the country may persist well into the early months of 2024. This projection comes in the wake of escalating tensions and violent confrontations that have created uncertainty regarding Israel’s economic stability.

Israel Maintains Interest Rates Amid Rising Inflation from Escalating Conflict

2 months ago

In a move reflecting the ongoing challenges posed by a multi-front conflict, the Bank of Israel has decided to hold its key interest rate steady at 4.75%. This decision, which has stunned some economists, comes as inflationary pressures surge due to heightened tensions in the region. Economists had widely anticipated a potential rate hike as a response to climbing consumer prices, but the ongoing instability has led the central bank to take a more cautious approach.