Interest rate

'Taxes will need to be raised': Bank of Israel Governor's bad news following rate cut

Bank of Israel Governor warns taxes must rise after rate cut; market reacts with gains on Tel Aviv Stock Exchange while business sector backs decision.

|ByYEHUDA SHARONI
Amir Yaron, Governor of the Bank of Israel.
Bank of Israel Governor Professor Amir Yaron speaks at the Knesset; illustrative.

Third consecutive cut: Bank of Israel lowers interest rates to 3.25%, following economic review

The Bank of Israel's Monetary Committee lowered the interest rate on Tuesday. The rate was previously lowered in July, when the BoI decided to cut the rate from 3.75% to 3.5%.

|ByDANIEL COHEN
Mekorot – International Water Powerhouse.

Mekorot reports higher 2nd quarter profit, but regulatory changes weigh on 2026 results

National water company posts NIS 243 million net profit in Q2, while regulatory changes led to a further NIS 83 million decline in the value of its assets during the first half of the year

|ByJERUSALEM POST STAFF
Matan Shitrit, Chief Economist at Phoenix Financial

Israel in the eye of the storm — But the economy tells a different story

The State of Israel sits at the center of the geopolitical turbulence, yet precisely at this juncture many of its macro indicators look better than those of quite a few countries far removed from it.

|ByMATAN SHITRIT, IN COLLABORATION WITH PHOENIX FINANCIAL

Do you have money in Paybox? You will receive interest on it

Paybox app announces that it will pay its customers from all banks an annual interest of 3% on their balance in the app.

FEBRUARY 14, 2024ByLEE SIBYLA/WALLA!

Leumi: 'No interest rate cuts in every decision next year'

The Bank's forecast places the interest rate at 3.75%-4.00% at the end of 2024, signaling a cautious approach to monetary policy.

JANUARY 7, 2024ByZACHY HENNESSEY
An Israeli flag flutters outside the Bank of Israel building in Jerusalem August 7, 2013

Bank of Israel keeps interest rate steady at 4.75% amidst inflation concerns

There’s still no telling when the interest rate will decline, experts note.

SEPTEMBER 4, 2023ByZACHY HENNESSEY
BANK OF Israel headquarters in Jerusalem: Israel’s favorable environment for economic development has been accompanied by an impressive improvement in the country’s credit rating, say the writers.

Despite economic turmoil, Israel's interests set to remain at 4.75%

Recent signs of decreased inflation indicate an unchanged interest rate, as consumers begin saving and global pressures subside.

SEPTEMBER 3, 2023ByZACHY HENNESSEY
New Israeli Shekel banknotes and coins are seen in this picture illustration taken November 9, 2021.