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Governor of the Bank of Israel Amir Yaron (left) attends a committee meeting at the Knesset in Jerusalem, July 19, 2023. Photo by Yonatan Sindel/Flash90.

Bank of Israel cuts interest rate for first time since 2022

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The Bank of Israel decided on Monday to lower its benchmark interest rate by 0.25 percentage points to 4.5%, in the first such cut since April 2022. "The war is having significant economic consequences, both...
Bank of Israel Gov. Amir Yaron. Credit: Bank of Israel spokesperson.

Bank of Israel ups interest rate for 10th time

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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...
Israeli currency. Credit: Pixabay.

Shekel weakens as Russia-Ukraine crisis intensifies

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The Israeli shekel weakened on Tuesday as investors sought safe-haven currencies, particularly against the U.S. dollar, as the Russian-Ukraine crisis intensifies, according to Globes. “The shekel is weakening against the dollar after reports that Russian troops...