In January, the consumer price index (CPI) in Israel maintained stability, showing no change compared to the previous month. Over the last year, from January 2023 to January 2024, the index experienced a decline from 3% to 2.6%, aligning with economists' predictions...
In a move that has sent shockwaves through financial markets, Moody's Investors Service downgraded Israel's credit rating for the first time in history. Dr. Gil Bafman, Chief Economist of Bank Leumi, shed light on the downgrade, emphasizing that it wasn't entirely...
The battle for acquiring a controlling stake in the leading Israeli supermarket chain Shufersal is heating up. Just one day after the announcement of the Amir brothers' bid to gain control of the company, a prominent businessman Zvika Williger, who oversees the food...
In recent days, the shekel has displayed notable strength against major currencies, particularly the US dollar and the euro. This surge in value, particularly against the dollar, has left analysts and economists intrigued by the factors behind this sudden...
In the wake of the ongoing war with Hamas in Gaza, Turkey has intensified its anti-Israel stance, shifting from political rhetoric to concrete economic measures. The latest development in this growing diplomatic rift involves Turkey's decision to remove Israel from...
In a recent interview with Bloomberg at the economic conference in Davos, Bank of Israel Governor Prof. Amir Yaron shed light on the decision to lower the interest rate from 4.75% to 4.5%. The move, he explained, was driven by the perceived stabilization of markets...
The consumer price index in Israel witnessed a marginal decrease of 0.1% in December, according to the latest data released by the Central Bureau of Statistics. Despite this slight downturn, the index recorded a 3% increase over the entirety of 2023, aligning...
The first 100 days of the war in Gaza have brought immeasurable threats to both the people and the economy of Israel. With approximately 1,400 casualties, including 522 IDF soldiers, thousands injured, and 136 still held captive in Gaza, the human toll is devastating....
The Bank of Israel has refrained from actively intervening in the local foreign exchange market during the month of December, as revealed by the foreign exchange balances report. This marks a departure from the previous two months when the central bank took decisive...
As the new year unfolds, the Israeli shekel is experiencing heightened volatility, with the dollar making significant gains against the local currency. At the start of the week, the exchange rate stood at NIS 3.6, but a sudden depreciation led to a spike, reaching NIS...