In its latest review, international credit rating agency Fitch has maintained Israel’s credit rating at A with a negative outlook, citing economic resilience alongside persistent fiscal and political challenges. This decision follows a downgrade in August 2024,...
Almost no one saw it coming. As the Iron Sword War erupted, so did dire economic predictions. With high interest rates, persistent inflation, and a somber national mood, analysts foresaw a crisis. The shekel depreciated, bond yields soared, and Israel's stock market...
The Israeli shekel fell sharply against major currencies today, reaching a five-month low of 3.7 shekels per U.S. dollar. Against the euro, the shekel also depreciated by approximately 0.5%, now standing at 4 shekels per euro. This marks a 2.7% decline against the...
In a week marked by a record-breaking $32 billion acquisition of Israeli cybersecurity firm Wiz by Google, the insurtech sector also saw significant movement with German insurance giant Munich Re acquiring Israeli-founded startup Next Insurance for $2.6 billion. This...
The Israeli government has launched a large-scale air offensive against Hamas in the Gaza Strip following repeated refusals by the terror group to release Israeli hostages. The decision was announced overnight by Prime Minister Benjamin Netanyahu and Defence Minister...
The Israeli Consumer Price Index (CPI) has experienced notable fluctuations recently, largely driven by shifts in labor costs within the construction sector and government-imposed tax increases. One of the most significant changes was a retrospective update in the...
Bank of Israel Governor Prof. Amir Yaron recently addressed critical economic and geopolitical issues during interviews at the World Economic Forum in Davos. Speaking with CNBC, Yaron acknowledged that inflation remains above the target range of 1% to 3%, and...
The past week has witnessed a notable resurgence in consumer spending, spurred by an unusually warm winter, a recently announced ceasefire with Hamas. This resurgence marks a stark contrast to the preceding two weeks of economic slowdown, as revealed by data from the...
The Monetary Committee has decided to keep the interest rate unchanged for the eighth consecutive time at 4.50%. This decision reflects a decrease in the country risk premium, attributed to the relative improvement in the security situation and progress in passing the...
More than a year into the ongoing conflict, Israel’s economy is demonstrating resilience and renewed investor confidence, with recent data highlighting a positive trajectory. Key economic indicators from the past months suggest that Israel is on a path of recovery and...