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...
In a surprising move, the Bank of Israel announced on Monday its decision to cut interest rates by 0.25%, marking the first reduction since the onset of the coronavirus crisis in March 2020. The rate now stands at 4.5%, following a series of 10 consecutive increases...
The year 2023 brought unprecedented challenges to the State of Israel, marked by internal strife over justice system reforms and a harrowing war triggered by a murderous Hamas attack near Gaza. Amidst the turmoil, the Israeli economy faced uncertainties, leaving...
In the face of ongoing conflicts in Gaza, the threats of additional military fronts, and economic challenges, the Israeli shekel has defied expectations by reaching a peak against the dollar and the euro. The shekel's resilience has left analysts and experts puzzled,...
In a major blow to both global trade and Egypt's national security, the four largest shipping companies worldwide announced the suspension of sailing through the Suez Canal due to attacks by the Houthis. The decision is expected to significantly reduce ship movement...
In the face of continued hostilities in Gaza and heightened tensions in the north, Israel has managed to defy economic odds, witnessing a decline in unemployment rates as indicated by the latest data from the Central Bureau of Statistics (CBS). The November figures...