Bank of Israel governor

The Governor warns: 'Unrestrained defense budget will lead to an increase in deficit and inflation'

The interest rate remains unchanged; Prof. Yaron: No pressure was exerted; business sector criticizes the decision of the Governor, who does not rule out potential tax hikes for the upcoming budget.

Benjamin Netanyahu and Prof. Amir Yaron.
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

Prof. Amir Yaron, Governor of the Bank of Israel

Interest rate drama: The news for mortgage takers – and Smotrich's unusual attack on the governor

 Outgoing Bank of Israel Governor Stanley Fischer seen speaking at a press conference at the Bank of Israel in Jerusalem on June 25, 2013.

Stanley Fischer, former Bank of Israel governor, passes away at 81


October looks as if it will be challenging for the Israeli economy

ECONOMIC AFFAIRS: Besides inflation, the shekel-US dollar rate will also impact the interest rate decision.

 BANK OF ISRAEL Governor Amir Yaron attends a meeting at the Knesset, in July.

Amid Israel turmoil, markets want continuity at central bank helm

Yaron's five-year term ends at the end of 2023 and he has been tight-lipped on his plans.

 Bank of Israel Governor Amir Yaron.

Bank of Israel chief, Netanyahu to decide on 2nd governor term in October

The issue of whether Bank of Israel Governor Amir Yaron will seek, or be reappointed for a second term, has loomed over financial markets for months.

Amir Yaron (L) delivers a report to Benjamin Netanyahu (R)

Bank of Israel gov. should be 'kicked down the stairs' - far right minister

Israeli Heritage Minister Amichai Eliyahu's remarks were criticized by politicians from the coalition and opposition alike.

 LEFT: Governor of the Bank of Israel Prof. Amir Yaron | RIGHT: Heritage Minister Amichai Eliyahu (Otzma Yehudit)

Market fears Bank of Israel governor won't seek second term

With six months until the end of Prof. Amir Yaron's term as Bank of Israel Governor, uncertainty over his replacement could further damage the economy.

Governor of the Bank of Israel Amir Yaron arrives to a cabinet meeting on the state budget, at the Prime Minister's Office in Jerusalem on February 23, 2023.

Bank of Israel Governor: 'Coalition funds will not encourage Haredim to work'

Prof. Amir Yaron also discusses the banks' response to interest rates, bank profits, and the housing crisis.

Governor of the Bank of Israel Amir Yaron speaks during a press conference at the Bank of Israel offices in Jerusalem, on January 2, 2022.

Netanyahu rejects request for gov't oversight on Bank of Israel interest rates

Foreign Minister Eli Cohen requested that the Finance Ministry work to stop the increase in Israel's interest rates.

 Israeli prime minister Benjamin Netanyahu, Minister of Finance Bezalel Smotrich and Minister of Foreign Affairs Eli Cohen at a press conference, at the Prime Minister's office in Jerusalem, on January 25, 2023.

Ex-Bank of Israel chief warns: Judicial reform could weaken economy, standard of living

Prof. Karnit Flug said that the reforms could lead to a weaker economy, lower incomes and a reduced standard of living.

Tech workers protesting against the government's judicial reforms  using the slogan 'No democracy, no hi-tech,' in Tel Aviv on January 24, 2023.

Bank of Israel interest rate increases by an additional 0.5%

A further increase in the interest rate may reduce the effects of inflation, but it will have a negative impact on the recipients of loans and mortgages.

 The Bank of Israel building is seen in Jerusalem June 16, 2020. Picture taken June 16, 2020.

Amid interest rate increase: Mortgage returns, overdraft spike by hundreds

Bank of Israel's 0.75% interest rate increase is the highest in the last 20 years. Here's what it means and why it's facing backlash.

 The Bank of Israel building is seen in Jerusalem June 16, 2020. Picture taken June 16, 2020.