Tag: Inflation
Bank of Israel ups interest rate for 10th time
The Bank of Israel on Monday raised its benchmark interest rate for the 10th consecutive meeting amid rising inflation and low unemployment.
The central bank’s Governor Amir Yaron announced the benchmark rate increase of 25 basis points (0.25 percentage...
Israel unveils new measures to combat rising cost of living
The Israeli government on Wednesday unveiled a raft of measures aimed at tackling the surging cost of living in the country.
The new plan includes provisions to boost compensation for businesses and independent employees adversely...
US dollar hits 25-year low against Israeli shekel
The U.S. dollar hit a 25-year low against the shekel on Tuesday, officially dropping below the benchmark that the Bank of Israel had hoped to avoid crossing. The euro also dropped sharply against the...
Shekel comes down a bit from 25-year high against dollar
The Israeli shekel slightly weakened against the U.S. dollar on Thursday as the dollar amounted to NIS 3.12, after hitting a 25-year high earlier in the week.
The shekel had reached a peak at NIS...
Another government, another attempt to bring Israel’s housing prices down
Don’t bet on a continued rise in housing prices, Israeli Minister of Housing and Construction Zeev Elkin warned speculators on Aug. 4. “We are launching a massive move to moderate housing prices and eventually to...