Category: BoI
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Shekel weakens after BoI rate call
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Poria’s Chairman or Poria: There is an increased uncertainty about the collapse of the hostage deal, and the increasing possibility of renewing the fighting in the south. Early from the early date of the bank’s trading, Shekel weakens against the US dollar and the euro after yesterday’s decision by the…
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BoI Governor: We hope for two rate cuts in second half
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As expected, the Monetary Committee left the Bank of Israel to the interest rate unchanged at 4.5 %. In the decision, the Bank of Israel explained that there will be no price cuts until the second half of the year after it ran the consumer price index and decreased less…
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BoI keeps rate unchanged for ninth consecutive time
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The Monetary Committee, Bank of Israel, headed by the ruler, Mr. Amir Yaron, announced that it has kept the interest rate unchanged at 4.5 %, as expected. This is the ninth consecutive time when the Bank of Israel left the interest rate unchanged, after lowering it from 4.75 % in…
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BoI governor Yaron sees interest rate falling in second half
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Bank of Israel Governor Amir Yaron said in an interview with CNBC at the World Economic Forum in Davos yesterday that inflation in Israel “is still higher than our target, which is between 1% and 3%.” “We expect inflation to rise in the first half of the year, partly because…
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BoI governor sees interest rate cut only in second half
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Following yesterday’s decision by the Bank of Israel’s Monetary Committee to leave the bank’s key interest rate unchanged at 4.5%, Bank of Israel Governor Amir Yaron explains the economic path that the State of Israel is currently following. “Last year was full of challenges. The Israeli economy usually grows at…
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BoI governor: No immediate interest rate cut
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Bank of Israel Governor Amir Yaron indicated last night that it is still too early to talk about cutting interest rates in Israel. Speaking with Globes editor-in-chief Naama Sekuler on the opening evening of the Globes Israel Business Conference, Yaron estimated that the inflation rate would rise in the near…
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BoI, Treasury push for more retail banking competition
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Finance Minister Bezalel Smotrich and Bank of Israel Governor Professor Amir Yaron announced a new measure in their fight against concentration in the banking sector. They have formed an inter-ministerial team, which will focus on enhancing competition in the banking and credit sector for small businesses and households. The team,…
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BoI, Treasury push for more retail banking competition
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Finance Minister Bezalel Smotrich and Bank of Israel Governor Professor Amir Yaron announced a new measure in their fight against concentration in the banking sector. They have formed an inter-ministerial team, which will focus on enhancing competition in the banking and credit sector for small businesses and households. The team,…
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BoI leaves rate unchanged, again cuts growth forecast
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The Monetary Committee of the Bank of Israel announced that it kept the interest rate unchanged at 4.5%. This is the sixth time in a row that the Bank of Israel has left the interest rate unchanged, after reducing it from 4.75% in January. The Bank of Israel expects the…
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BoI Governor: We must conduct responsible economic policy
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The Governor of the Bank of Israel, Professor Amir Yaron, opened his remarks at the press conference that followed the decision of the Monetary Committee, which he chairs, to leave the interest rate unchanged at 4.5% by saying, “The State of Israel is in a constant war, and recently the…
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BoI Governor: No rate cut until second half 2025
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Bank of Israel Governor Prof. Amir Yaron told Globes that any interest rate cut may not come before the second half of 2025, if inflation moderates. The Monetary Committee of the Bank of Israel decided yesterday to keep the interest rate unchanged at 4.5%. The absence of a 2025 budget,…
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BoI governor to PM: Get going on the budget
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Bank of Israel Governor Amir Yaron sent an extraordinary letter to Prime Minister Benjamin Netanyahu, calling on him to make progress in drafting the 2025 state budget. This comes after the budget was not approved by the government as scheduled on August 15, and reports that the government is considering…
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BoI Governor: Geopolitical uncertainty has increased
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Bank of Israel Governor Prof. Amir Yaron held a press conference after the Monetary Committee announced this afternoon that it would leave the interest rate unchanged at 4.5%. Yaron said: “Since October 7, we have been in the midst of a protracted war. Geopolitical uncertainty has increased and the risk…