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The Bank of Israel opted to maintain the country's interest rate at 4.5%, citing a split among senior economists and various economic indicators influencing the decision-making process. The decision came amidst a backdrop of differing opinions among economists...
In a sobering announcement today, Yaheli Rotenberg, the Accountant General of Israel's Ministry of Finance, disclosed that the country's cumulative deficit has surged to 6.2% of the GDP over the past 12 months, amounting to a staggering 117.3 billion shekels. This...
Amidst ongoing turbulence in the foreign exchange market, the shekel has shown resilience after a recent downturn, bouncing back against the dollar. On Tuesday, the dollar saw a 0.9% decrease compared to its representative rate, trading at 3.70 shekels. This follows a...
Fitch Ratings has announced its decision to uphold the country's credit rating at A+. The decision comes after a thorough review process during which a potential downgrade was under consideration. However, the outlook for Israel's rating has been downgraded from...