The world remains entrenched in a battle with high inflation. The cost of living is continuing to rise as the war in Ukraine and ongoing pandemic restrictions remain major factors hurting supply chains. At the same time, central banks have been raising interest rates...
Tel Aviv has lost its title as the most expensive city in the world, falling to third place after New York and Singapore. According to data released today by the Economist Intelligence Unit, the cost of living in the world's largest cities is continuing to rise as the...
Last Monday the Bank of Israel announced its sixth consecutive rate hike of the year. The interest rate has increased by 0.5%, to 3.25%, the highest level in over a decade. As a result, the prime rate has increased from 4.25% to 4.75%. Beginning from Thursday, a new...
There were no surprises on Monday afternoon and the Bank of Israel (BOI) increased its key interest rate by half a percentage point. It believes that more raises are needed to keep inflation below 5% while the economy continues strong and the labour market remains...
In its semi-annual report released on Wednesday, the Bank of Israel highlighted that all of Israel's banks have capital ratios that exceed the central bank's minimal capital requirements. It cited banks' improved efficiency ratios, strong capital and liquidity ratios,...
Israel’s third-quarter GDP growth exceeded analysts' expectations. According to the initial estimate that was released by the Central Bureau of Statistics today, the country's economy increased by an annualised 2.1% from July through September when compared to the...
Israel's inflation rate jumped more than predicted to 5.1% over the previous 12 months in October, up from 4.6%, and is expected to provoke a greater response from the Bank of Israel (BOI) on November 21. According to the Central Bureau of Statistics, the...
The better-than-expected inflation numbers released in the United States last Thursday caused a shift in sentiment on Wall Street. Growth firms, which saw steep drops this year, have surged as prices skyrocketed, while defensive sectors, which were previously...
October saw an eye watering drop of 43% in the number of mortgages taken out by the public, from 10.7 billion shekels a year ago to NIS 6.1 billion last month. Despite the fact that there were five fewer working days in October this year due to holidays, these are...
German energy company Uniper and Israel's NewMed Energy have signed a non-binding memorandum of understanding (MoU) regarding their intention to collaborate on the delivery of natural gas to Germany as well as the production of blue and green hydrogen. This comes as...