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Negative interest rates: Could Israel be next?

With deepening deflation despite soaring housing prices, will Israel be the next country to try extreme monetary policies?David Rosenberg, 2/16/2016, 8:02 AM

Two weeks into circulation, forged 200 shekel bills discovered

Five residents of Bedouin town in northern Israel arrested after using counterfeit bank notes at gas stations across Upper Galilee.Cynthia Blank, 1/7/2016, 10:58 AM

Deri: Israel's currency 'discriminates' against Mizrahi Jews

Shas chairman Aryeh Deri demands faces on newly designed shekel bills include some Israelis of Middle Eastern descent.Moshe Cohen, 11/26/2015, 8:12 AM

New blue NIS 200 bills ready for prime time, says Bank of Israel

The Bank of Israel on Monday officially unveiled its new design for NIS 200 bills, and said it would start distributing them soon.Moshe Cohen, 11/23/2015, 5:13 PM

Bank of Israel Cut Interests Rates to New Record Low

The Bank of Israel is expected to cut interest rates further, in order to prompt spending in Israel's weak economy.Moshe Cohen, 9/24/2015, 8:42 AM

Israel's Gaza War Losses Made Up by Gas Money

Operation Protective Edge's financial impact totally covered by mass profits from Israel's new natural gas deposits.Moshe Cohen, 4/9/2015, 3:16 PM

Shekel Still on the Rise

After BOI says it won't lower interest rate, shekel-dollar rate dips to NIS 3.93 per dollar.Gil Ronen, 3/24/2015, 11:34 AM

'Don't Fight the Fed,' Bank of Israel Learns Once Again

The shekel fell when the Bank of Israel slashed interest rates - and rose again, when the Federal Reserve didn't do anything.Yaakov Levi, 2/25/2015, 6:49 PM

Prices Deflate 0.3% in January, as Trend Continues

The newest scourge of economists, deflation, hit Israel in a big way in January. In a trend that began in 2014.Yaakov Levi, 2/16/2015, 1:15 AM

Bank of Israel Seeks Major Tax Raise

Israel is in the budgetary hole for NIS 18 billion (over $4 billion) – and the only way out, say the Bank of Israel, is to raise taxes.Yaakov Levi , 2/4/2015, 6:18 PM

'Ariel for Israel, Umm el-Fahm for Palestine'

Avigdor Liberman says Yisrael Beytenu will join any government which supports its controversial 'transfer' plan, with major land swaps.Yaakov Levi, 1/15/2015, 11:58 AM

Bank of Israel Bought $7 Billion in 2014

The Bank of Israel in 2014 bought over $7 billion in an effort to prop up the value of the dollar versus the shekel.Moshe Cohen, 1/7/2015, 5:45 PM

Research Shows Young Couples Struggling to Buy Homes

Prices soar with salaries not meeting the rise, leaving young couples less able to become homeowners amid noted gap in income brackets.Ari Yashar, 12/1/2014, 2:26 PM

Experts: Shekel Likely to Continue Sinking Against Dollar

The “bottom” for the shekel is a long way off, say foreign currency experts, with the dollar expected to continue strengthening.Moshe Cohen, 11/27/2014, 12:52 PM

Living on the Edge: Nearly 2/3 of Israelis are Often Overdrawn

Shocking figures reveal many Israelis living constantly in the red; Bank of Israel wants to know why.Hillel Fendel, 11/3/2014, 3:27 PM

Bank of Israel Unveils New 50 Shekel Bill

50 shekel (almost $15) banknote presented ahead of its entry to circulation; features likeness of Hebrew poet Shaul Tchernichovsky.Ari Yashar, 9/10/2014, 2:55 PM

Poll: Does Earning Less Mean You Don’t Have Economic ABC’s?

The richer you are, the more likely you are to know about basic economic and financial principles - and that's a real problem.Sarah Leah Lawent, 9/9/2014, 1:43 PM

$100 Million BOI Buy Not Enough to Prop Up Dollar

Even a $100 million purchase by the Bank of Israel couldn't prop up the sagging dollar.Yosef Berger, 5/8/2014, 1:17 PM

Bank of Israel Warns against Bitcoin

Financial institutions warn Bitcoin is fertile ground for fraudulent activities, and highly volatile.Arutz Sheva staff, 2/19/2014, 2:28 PM

Housing Crisis Continues: Prices Up by Another 8%

Housing prices rose 8% in 2013. Price hike follows doubling in price over seven previous years.Maayana Miskin, 2/2/2014, 4:18 PM

Bank Fees Down in 2013

Bank of Israel report lists banks with the highest, lowest fees for 2013.Maayana Miskin, 1/2/2014, 4:07 PM

Bank of Israel: Fewer Services and More Taxes Likely

Israelis are set to face a “double whammy” in 2014, with budget cuts affecting many services along with higher taxes.David Lev, 12/30/2013, 12:44 AM

Bank of Israel: Israelis Pay Less Tax, Get Less

Bank of Israel finds Israelis pay less tax than others in OECD - and get less from the government.Maayana Miskin, 12/8/2013, 3:19 PM

Appointment Process of BOI Chief Was a 'Disaster', Admits Lapid

"I don't mind apologizing to Karnit Flug" for the lengthy appointment process, says Finance Minister.Elad Benari, 10/21/2013, 3:13 AM

Flug: Challenges Abound for Bank, Economy

The new Governor of the Bank of Israel, Karnit Flug, said she appreciated the vote of confidence the country's leaders had given heRDavid Lev, 10/21/2013, 12:14 AM

Next Bank of Israel Governor: Karnit Flug

Acting Bank of Israel governor is appointed to prestigious post.Maayana Miskin, 10/20/2013, 2:39 PM

Israel 'Saves' NIS 4 Billion on Deficit, Bank of Israel Says

Thanks to good fiscal management, Israel's deficit will be less than had been expected, the Bank of Israel saidDavid Lev, 10/17/2013, 7:33 PM

Netanyahu and Lapid Still Can't Agree on Bank of Israel Governor

PM and Finance Minister meet, don't agree on next Bank of Israel Governor. Official announcement expected by Sunday.Elad Benari, 10/17/2013, 3:14 AM

Bank of Israel Slashes Interest Rates; Down to 1%

In what economists said was a surprise move, the Bank of Israel lowered the prime interest rate Monday to 1%.David Lev, 9/23/2013, 4:33 PM

New Bank Chairman Candidate 'Clean,' Says Daughter

After two “strikes,” the Bank of Israel candidacy issue may finally be resolved, with Professor Mario Blecher slated to take the jobDavid Lev, 8/11/2013, 9:13 AM

Leiderman: It Would've Been a Nightmare

Prof. Leo Leiderman, who withdrew his candidacy for Bank of Israel Governor, says he withdrew in order to save himself from “a nightmare”.Elad Benari, 8/5/2013, 4:16 AM

New Bank of Israel Head Withdraws Candidacy

Just two days after his appointment was announced, Prof. Leo Leiderman withdrew his candidacy for governor of the Bank of Israel.Elad Benari, Canada, 8/2/2013, 8:28 PM

New Bank of Israel Chief Announced

The chief economist at Israel’s Bank Hapoalim, Professor Leo Leiderman, will become the next governor of the Bank of Israel.Rina Tzvi , 8/1/2013, 12:15 AM

PM, Lapid: Frenkel a Victim of 'Wagging Tongues'

Yaakov Frenkel announced Monday night that he would not be taking the job of Bank of Israel chairmanDavid Lev, 7/29/2013, 8:55 PM

Fischer Taken to Hospital After Feeling Unwell

Outgoing Bank of Israel Governor is suffering from dehydration and exhaustion, says the Tel Hashomer Hospital.Elad Benari, 6/26/2013, 1:14 AM

July Interest Rate Unchanged Amid Praises for Frenkel

Israel’s Bank of Israel kept the country’s prime interest rate unchanged at 1.25 percent for the month of July.Chana Ya'ar, 6/24/2013, 7:18 PM

Jacob Frenkel to Head Bank of Israel (Again)

Frenkel was Governor of the Bank of Israel between 1991 and 2000. He is Chairman of JPMorgan Chase International.Gil Ronen, 6/23/2013, 8:57 PM

'Dollar Gone Wild' Prompts Unusual Bank of Israel Move

Interest rates will go down by a quarter point on Friday, an unusual mid-month move by outgoing BOI Chairman Stanley FischerDavid Lev, 5/13/2013, 4:05 PM

Exporters 'Near Panic' As Shekel Breaks NIS 3.60

Israeli exporters were besides themselves Monday, as the dollar sank below the NIS 3.60 level.David Lev, 4/30/2013, 4:46 AM

Bank of Israel Buys Dollars, But Shekel Stays Strong

In an effort to keep the value of the shekel lower, the Bank of Israel intervened in the currency markets.David Lev, 4/9/2013, 3:46 AM

Treasury: There May be Hope for Lower Home Prices

There are signs that voracious appetite of Israelis for apartments and homes may be calming down.David Lev, 2/11/2013, 10:05 PM

Video: BOI Head Stanley Fischer "Leaving Bank in Good Condition"

Stanley Fischer, the Governor of the Bank of Israel, announced early retirement and said he's leaving the central bank in 'good condition.' Annie Lubin, 1/30/2013, 1:58 PM

Stanley Fischer to Step Down as Bank of Israel Head

Bank of Israel governor Stanley Fischer has submitted his resignation and will leave his post in JuneDavid Lev and AFP, 1/29/2013, 9:03 PM

Bank of Israel Cuts Interest to Lowest Rate in 2 Years

The Bank of Israel dropped the prime interest rate on Monday to its lowest level in more than two years.Chana Ya'ar, 12/25/2012, 7:37 AM

Ministry: Economy to Grow 3.5% in 2013

The Finance Ministry on Sunday released an optimistic forecast for economic growth in Israel for 2013, with predicted growth at 3.5%David Lev, 12/17/2012, 7:54 AM

Israelis' Investments Reach All-Time High

At the end of October, Israelis had a total of two trillion, six hundred eighty two billion shekels (nearly $700 billion) in investmentsDavid Lev, 12/5/2012, 2:43 AM

Bank of Israel: Tighter Mortgage Rules Will Lower Home Prices

New rules will tighten the amount of money a homebuyer can get in mortgage moneyDavid Lev, 10/30/2012, 12:16 AM

Fischer Says Banks Ready 'For All Sorts of Eventualities'

Stanley Fischer, Governor of the Bank of Israel, on Iran, sanctions, the Israeli economy and what to expect in the coming months. Annie Lubin, 10/23/2012, 1:19 PM

Bank of Israel: Rates Unchanged for October

The Bank of Israel has announced prime interest rates will remain unchanged at 2.25 percent for the month of October.Chana Ya'ar, 9/24/2012, 7:36 PM

Fischer: Eurozone Nations Still in Denial on Fiscal Problems

Numerous nations in Europe are still in denial about the economic crisis they are facing, Bank of Israel Gov. Stanley Fischer says.Chana Ya'ar, 9/2/2012, 12:38 PM

Bank of Israel: Interest Rate to Remain Stable at 2.25%

The Bank of Israel announced Monday there will be no change in the prime interest rate next month.Chana Ya'ar, 8/27/2012, 8:29 PM

Fischer Named One of World’s Top Bankers

Bank of Israel Governor Stanley Fischer has been named one of the world’s top central bankers “during one of the toughest years on record.”Tzvi Ben Gedalyahu, 8/26/2012, 9:20 PM

BOI Gov Stanley Fischer Addresses Students at Int'l Model UN

Bank of Israel Governor Stanley Fischer addressed 170 students at this year's international model U.N. Program in Rishon Letzion.Chana Ya'ar, Yoni Kempinski, 8/20/2012, 8:17 PM

Financial System Preparing for Iran Strike, Says Fischer

Bank of Israel Governor says the financial system is preparing for an Israeli strike in Iran and a resulting downturn in the economy.Elad Benari, Canada, 8/10/2012, 11:46 PM

Bank of Israel Paper Profits of Billions as Dollar Nears NIS 4

Fischer is laughing all the way to the bank. Critics scoffed as he paid 3.3 shekels for a buck. Now a dollar costs almost 4 shekels.Tzvi Ben Gedalyahu, 7/16/2012, 2:20 PM

Fischer Loses Deficit Spending Showdown in Cabinet

The cabinet voted to raise Israel's deficit ceiling to 3% over the objections of Bank of Israel governor Stanley Fischer.Gabe Kahn, 7/2/2012, 5:10 PM

Fischer Blasts Netanyahu Deficit Spending Plan

Bank of Israel governor Stanley Fischer says the PM's plan to increase deficit spending is the exact opposite of what Israel should doGabe Kahn, 6/29/2012, 1:05 PM