Bank of Israel

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.

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.

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 heR

Next Bank of Israel Governor: Karnit Flug

Acting Bank of Israel governor is appointed to prestigious post.

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 said

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.

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%.

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 job

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”.

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.

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.

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 chairman

Fischer Taken to Hospital After Feeling Unwell

Outgoing Bank of Israel Governor is suffering from dehydration and exhaustion, says the Tel Hashomer Hospital.

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.

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.

'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 Fischer

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.

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.

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.

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.'

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 June

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.

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%

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 investments

Bank of Israel: Tighter Mortgage Rules Will Lower Home Prices

New rules will tighten the amount of money a homebuyer can get in mortgage money

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.

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.

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.

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.

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.”

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.

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.

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.

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.

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 do

Bank of Israel Finally Lowers Prime Rate

After five months of holding the rate steady, the Bank of Israel on Monday lowered interest rates.

Bank of Israel: Interest Rate for June Unchanged at 2.5%

The Bank of Israel left the country's key interest rate unchanged for June 2012 at 2.5 percent for the fourth month in a row.

Attempted Cyber-Attack on Bank Hapoalim

Hackers working via an Iranian server farm staged a cyber-attack on Bank Hapoalim; Bank of Israel convenes emergency meeting.

Fischer: Global Economy Facing 'Approaching Crisis'

Bank of Israel Governor Stanley Fischer predicted an 'approaching crisis' for world markets at 12th Annual Herzliya Conference.

State of Israel Bonds are Back

Israel Bonds were back on the U.S. market Monday for the first time since March 2009.

Bank of Israel Cuts Interest Rate for February

The Bank of Israel has cut its interest rate for February from 2.75 to 2.5 percent, noting the slowdown that began in 2011 "continues."

Saudi Hacker Publishes 11,000 More Credit Card Numbers

Hacker "0xOmar" claims he possesses the credit card details of about a million Israelis.

Bank of Israel to Hold Interest at 3%

Eyeing negative trends in the US economy and desiring to mitigate inflation and housing costs, the Bank of Israel is holding the line.

Bank of Israel’s Fischer: No Global Recession

Calm down. A global recession is not on the horizon, says Bank of Israel Governor Stanley Fischer.

Bank of Israel Confident

Bank of Israel Confident Despite US Finance Woes

Finance Ministry, Bank of Israel officials discuss implications of downgrading of US long-term credit rating.

Bank of Israel Move Could Foil Netanyahu’s Housing Plan

Bank of Israel instructs banks to tighten their financing terms for developers, presenting a problem for PM's cheap housing plan.

Economy Expanding, Employment Up

Bank of Israel decides to leave interest rate unchanged for July at 3.25 percent to support further growth, while maintaining stability.

Economic Report: All Systems Up - Including Housing Prices

Bank of Israel report on Israeli economic progress in Jan-Apr 2011. Bottom line: Economy continues to grow, housing prices still on the rise.

Bank Governor Stanley Fischer Running to Head IMF

Bank of Israel Governor Stanley Fischer has officially announced he is in the running to head the International Money Fund.

Bank of Israel Governor May Be Candidate to Head IMF

Bank of Israel Governor Stanley Fischer is a possible candidate to head the International Money Fund, but has made no final decision.

Interest Rate Raised to 3.25

Bank of Israel announced the raising of the interest rate for June by 25 basis points.

Fischer Cheers Jump in Hareidi-Religious Work Studies

The number of hareidi-religious Jews learning professions has tripled in the last three years, the Bank of Israel announced.

Deputy Bank of Israel Governor: I Agree with Sheshinski

Deputy Governor of the Bank of Israel praises Israel’s economy and addresses the controversial issue of royalties from the natural gas bonanza.