Bank of Israel

Smotrich Warns:

'Israeli banks must not comply with EU sanctions'

Finance Minister Smotrich wrote to bank regulators today that he would promote mandatory compensation for sanctioned Israelis if banks did not work to protect them.

At the age of 81

Former Bank of Israel Governor Stanley Fischer dies

Former Bank of Israel Governor, Professor Stanley Fischer, passes away at the age of 81. Professor Fischer served as Governor of the Bank of Israel from 2005 to 2013.

Cancellation of 200 shekel notes:

Minister Gideon Sa’ar’s threat to the Bank of Israel

Foreign Minister Gideon Sa’ar demands urgent discussion on the cancellation of 200 shekel banknotes or specific series that reached Gaza, threatens to advance the move through a government decision and legislation if necessary.

Minister Gideon Sa'ar:

Harm Hamas' economy with 200 shekel bills

Foreign Minister Gideon Sa'ar submits request to Bank of Israel Governor to revoke legal tender of 200 shekel bills in order to undermine Hamas' economy.

MK Succot:

A solution to the sanctions - through the Bank of Israel

According to the bill submitted by MK Tzvi Succot, Israelis who have had their bank accounts blocked due to the sanctions will be eligible for banking services directly from the Bank of Israel.

Bank of Israel won't raise interest rates

Bank of Israel Governor Amir Yaron decides to keep interest rate at 4.5% in 2nd decision not to change interest rates since the start of the war.

Why ‘transfer’ from Gaza is the war’s biggest taboo

Hundreds of thousands of Gazans are facing brutal Hamas rule, endless Israeli airstrikes and devastating destruction. So why is the West so opposed to letting them emigrate if they desire? Opinion.

Governor of Bank of Israel:

'Government must address the economic issues'

Bank of Israel governor, Prof. Amir Yaron: 'We knew how to recover from difficult times in the past and quickly return to economic stability. The Israeli economy has the strength to ensure that this will happen this time as well.'

IMF report:

'Israeli economy fundamentally strong'

Bank of Israel to study IMF report's recommendations, and will continue measures to mitigate inflation.

Shekel falls to lowest level against the dollar in 4 years

Israeli currency weakest in years, business leaders call for full adoption of President's proposal for judicial reform.

Bank of Israel Governor to CNN

'Hasty judicial reform could lead to brain drain'

Amir Yaron praises PM, Smotrich for supporting Bank of Israel's independence, but says 'hasty' passage of judicial reform threatens economy.

In rare English tweet, Smotrich slams 'populist' Coalition allies

Hoping to reassure credit rating agencies abroad, Finance Minister rejects 'populist' attacks by Coalition members on interest rate hike.

Netanyahu: Judicial reforms will strengthen Israel's economy

PM, Finance Minister reject warnings by Bank of Israel governor Israel's credit rating could be lowered in response to proposed reforms.

Bank of Israel Gov warns PM Israel's credit rating could be hurt

Governor Prof. Amir Yaron says he met with reps. of international credit agencies, who warned him of damage from proposed judicial reforms.

Blue & White MK pushes Bank of Israel to raise mortgage limit

As housing prices continue to soar, coalition MK pushes Bank of Israel to lift 75% cap on mortgages to allow home-buyers to borrow more.

Economist:

Interest rate move is testimony to strength of Israeli economy

Economist and mortgage consultant Be’eri Gurtler Har-Tuv speaks about the Bank of Israel interest rate increase and the Israeli economy.

First time in years:

Bank of Israel expected to raise interest rates

Most economists estimate: The interest rate will rise from 0.1% to 0.25% - and will continue to rise in the coming months.

Israel gets its first digital bank

Digital bank is the first new bank to be formed in Israel in 43 years.

Risk of the Delta variant and Israel Bank's position

The Bank of Israel has kept its base interest rate at 0.1%, citing dangers to the nascent Delta economy during the COVID-19 pandemic.

Will the digital shekel function as electronic handcuffs?

Bitcoin and cryptocurrencies are spurring central banks into action - but will they respect the privacy of the individual?

Bank of Israel: Quick recovery from crisis is crucial

New report says steps taken by Bank of Israel during outbreak succeeded in restoring markets to proper functioning.

As crisis worsens: 'State needs to reach into its pockets'

A financial strategist tells Arutz Sheva that the Bank of Israel & gov't need to take action to prevent the severe recession in the making.

'A good year for the Israeli economy'

Bank of Israel governor presents PM with annual report on the economy. 'The Israeli economy is in a good situation.'

New Bank of Israel governor: It's a tremendous honor

Cabinet approves Amir Yaron as the next governor of the Bank of Israel.

University of Penn. economist cleared to head Bank of Israel

US-based academic cleared by vetting committee to replace Karnit Flug as Israel's top banker.

From Pennsylvania to the Bank of Israel

Professor from Donald Trump's alma mater tapped to replace Karnit Flug as governor of Bank of Israel.

Way paved for appointing Chief of Staff and Commissioner

Newly elected Institute of Certified Public Accountants in Israel President retires from Senior Appointments Advisory Committee.

Who will be the next Bank of Israel Governor?

Netanyahu and Kahlon interview two candidates, expected to interview third candidate today, but candidates' list not finalized.

Bank of Israel Governor will not seek second term

Dr. Karnit Flug informs PM Netanyahu she will not stand as a candidate for an additional term as Governor of the Bank of Israel.

Bank of Israel hosts discussion on Israeli, Swiss economies

Chairman of the Governing Board of the Swiss National Bank visits Israel, meets with the Governor of the Bank of Israel.

'Hell is truth seen too late'

'Israel's economy doing well, without a doubt'

Bank of Israel presents annual report, President Rivlin says Israel's economy is good, but Israel must 'monitor economic processes closely.'

Bank of Israel releases designs for new bills with Hebrew poets

Images of female Hebrew poets featured on the new designs of the 20- and 100-shekel bills released by The Bank of Israel.

Bank of Israel to keep interest rates at 0.1%

The Bank of Israel announced it is keeping their interest rate at 0.1% for the month of January. Growth and inflation remain healthy.

Israeli sovereignty and Arab responses

Bibi calls to 'unleash Israel's economic potential' with reforms

Bank of Israel report signals strong, stable economy. PM calls to slash bureaucracy and unleash wave of economic growth.

End of the housing bubble?

Steady rise in price of housing has finally halted. But is this just a pause or the sign of a long term change?

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?

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.

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.

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.

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.

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.

Shekel Still on the Rise

After BOI says it won't lower interest rate, shekel-dollar rate dips to NIS 3.93 per dollar.

'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.

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.

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.

'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.

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.

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.

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.

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.

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.

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.

$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.

Bank of Israel Warns against Bitcoin

Financial institutions warn Bitcoin is fertile ground for fraudulent activities, and highly volatile.

Housing Crisis Continues: Prices Up by Another 8%

Housing prices rose 8% in 2013. Price hike follows doubling in price over seven previous years.

Bank Fees Down in 2013

Bank of Israel report lists banks with the highest, lowest fees for 2013.

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.

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.