Bank of Israel

The number left out of the CPI, but weighing on almost every household

A Taub Center study shows the Consumer Price Index does not fully reflect the cost of living. The interest on mortgages and credit burdens households, yet is excluded from the calculation.

Credit card payment.
Discount, Leumi, and Hapoalim – Israeli Banks.

Israeli banks could be hit: Major concern over European sanctions

(L-R): Amir Yaron and Michal Abadi-Boiangiu

No. 32: Amir Yaron and Michal Abadi-Boiangiu: Economic policymakers leading Israel toward recovery

"Checks continue to be a significant payment method in the Israeli economy, totaling hundreds of billions of shekels a year."

Without visiting a branch: Deferred checks can be deposited via app


NIS 450 Million per month: The black-money pipeline under banks’ noses

Undocumented workers transfer millions abroad as state loses tax revenue. Sector officials accuse banks of profiting off the illegal practice.

Foreign Workers.

'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.

Amir Yaron, Governor of the Bank of Israel.

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%.

Bank of Israel Governor Professor Amir Yaron speaks at the Knesset; illustrative.

Financial education program for soldiers in need launched by IDF, Bank of Israel, nonprofits

The program aims to ease the burden of financial difficulties and debt as young men and women transition from military service into the workforce.

Governor of the Bank of Israel Prof. Amir Yaron with members of the IDF Manpower Directorate launching the consumer and financial guidance program for IDF soldiers in need, August 12, 2026.

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.

Matan Shitrit, Chief Economist at Phoenix Financial

Bank of Israel lowers interest rate to 3.5% in response to strong shekel, halt in war with Iran

The Bank of Israel Monetary Committee, headed by Amir Yaron, announced that the national interest rate will be lowered once again to 3.5% as inflation declines and the shekel remains strong.

  New Israeli Shekel banknotes and coins are seen in this picture illustration taken November 9, 2021.

Bank of Israel reveals new data on Israel’s mortgage market

“Israel’s housing market is slowing, yet mortgage volumes are rising due to delayed payments and higher financing needs.”

Inflation and housing prices show continued declines in Israel

Housing prices declined 1.3% over the past year, oil prices fell following the Iran agreement, and the dollar recovered after an early drop.

Israeli real estate – construction site.

Israel against the current

While the world talks about interest rate hikes, Israel returns to rate cuts

Matan Shitrit, Chief Economist at Phoenix Financial

Shekel gains sharply despite interest rate cut

The Iran war led to a 3.3% contraction in GDP (on an annualized basis) in the first quarter

A bunch of Israeli New Shekel banknotes in the hand on the Bills background.Conceptual Image for Finance and Banking