For third consecutive time: Interest rate cut
The interest rate will now stand at 3.25%, and as a result, the prime rate, on which most loans and mortgages in the economy are based, will fall to 4.75%.
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Interest Rate Cuts
News and updates about Interest Rate Cuts
Bank of Israel cuts interest rate to 3.75%
The Bank of Israel has decided, for the second time this year, to lower the interest rate in the economy by a quarter of a percentage point, to 3.75%.
Housing Prices Down Two Quarters in a Row
Housing costs are trending downward in Israel despite recent interest-rate cuts by the Bank of Israel.
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