Bank of Israel

Bank of Israel forgoes rate cut, warns about war budget, inflation

The focus has changed with a slowdown in inflation and as local assets recouped their losses while the shekel staged the world’s biggest rally versus the US dollar in the past two months, gaining over 12 per cent.

War budget casts shadow over Israel’s first rate cut since Covid

The central bank held its benchmark rate at 4.75 per cent – its highest level since late 2006.

Bank of Israel again holds key interest rate at 4.75% during war