Bank of Israel
Bank of Israel Retains 0.10% Policy Interest Rate
April 16, 2018
The last central bank interest rate change in Israel was a cut of 15 basis points in February 2015 to 0.10%. Previously the rate had been lowered by 75 basis points per year in 2011-14. The latest policy review reaffirmed the need for continuing an accommodative stance. Although inflation early in 2018 was a shade […] More
Bank of Israel
February 27, 2018
Although Israel’s central bank interest rate has been only 0.10% since a 15-basis point reduction in February 2015 and a combined three percentage points of rate cuts over the prior four years, CPI inflation is currently below target and very low. According to a released statement, however, “in the past month inflation expectations increased, the […] More
Bank of Israel Maintains Status Quo
January 10, 2018
Having implemented three 25-basis point reductions per annum from 2011 to 2014 and one more 15-bp cut in February 2015, Israeli monetary officials have kept their central bank interest rate at 0.10% for almost three years. A released statement after their first policy review of 2018 observes that inflation is still under target, partly reflecting […] More
Bank of Israel
October 19, 2017
Israel’s key interest rate was left at 0.1% as expected. A released statement observed continuing sub-target inflation and a recently firmer shekel. Growth is in line with its potential non-inflationary pace and also more balanced than before. Home price inflation is a lessening concern to officials. The central bank interest rate has been at 0.1% […] More
Bank of Israel Leaves Accommodative Policy Stance as Is
August 29, 2017
Two and a half years have now transpired since the Bank of Israel’s policy interest rate was last changed in February 2015 with the implementation of a cut of 15 basis points to 0.10%. That move culminated a 13-step easing of 75 basis points per year during the prior four calendar years. A statement released […] More
Bank of Israel
July 10, 2017
After having cut Israel’s policy interest rate by 75 basis points per year in 2011-14, monetary officials sanctioned one final 10-basis point reduction in February 2015 to the present level of 0.10%. The latest policy review concluded as it has been doing for some time that an accommodative stance needs to be maintained for “as […] More
Israeli Central Bank Interest Rate Kept at 0.1%
May 29, 2017
Bank of Israel policymakers last changed their interest rate in February 2015 when a 15-basis point reduction capped an easing cycle that included 75 basis points of cut in each of the previous four years. Officials released a statement today the observed somewhat higher actual inflation and short-term expected inflation as well as solid growth and […] More
Bank of Israel Retains 0.10% Interest Rate
April 6, 2017
In each of four consecutive years, 2011-2014, Israel’s central bank interest rate was sliced three times by 25 basis points, and that cumulative three percentage points of rate reduction was punctuated by one final 15-basis point cut in February 2015 to 0.10%. The rate has stayed at that level ever since including after the April policy […] More
Israel’s Central Bank Interest Rate Left at 0.10%
February 27, 2017
Two full years have now passed since the last Israeli interest rate change, a 15-basis point cut to 0.1% from 0.25% undertaken in late February 2015. A released statement observed positive on-year CPI inflation last month for the first time since August 2014. At 0.1%, such is minuscule, however, and short-term inflation expectations are still […] More
Bank of Israel Retains 0.1% Key Interest Rate
December 26, 2016
Israel’s policy interest rate has been 0.1% since a 15 basis point cut in February 2015. The rate previously had dropped from 3.25% to 0.25% during 2011-14. The Bank of Israel released a formal statement and remarks from Governor Flug justifying the need for the accommodative stance and explaining how Israel’s economy reflects the United States […] More
