Bank of Israel

Bank of Israel

August 29, 2016

Israel’s last central bank interest rate change occurred in February 2015. A 15-basis point cut then to 0.10% culminated 325 basis points of easing that had begun during 2011. This month’s statement from the bank of Israel notes that market-implied measures do not anticipate a rate hike before 2018, and the opportunity is not taken […] More

Bank of Israel Keeps Key Interest Rate at 0.10%

July 25, 2016

Almost a year and a half have elapsed since the last Israeli interest rate change, which was a 15-basis point cut in February 2015.  The previous four calendar years had seen the rate reduced from 3.25% to 0.25%.  A statement released by Bank of Israel policymakers after this month’s review defended the appropriateness of the […] More

Bank of Israel’s Monetary Policy to “Remain Accommodative for a Considerable Time”

June 27, 2016

Israel’s central bank rate has been at 0.1% since a 15-basis point cut in February 2015, which was preceded by 75 bps worth of easing in each of 2011, 2012, 2013, and 2014.  Nonetheless, current inflation of 0.5% is not expected to rise into target until around the middle of next year.  Projected Israeli growth […] More

Bank of Israel

May 23, 2016

Like the fourteen previous monthly monetary policy meetings, this month’s decision was to keep the key Israeli central bank rate at a lowly 0.1%.  Four four straight calendar years (2011-14), it was reduced by 75 basis points, and those three cumulative percentage points of easing were topped off by a 15-basis point cut in February […] More

Bank of Israel

March 28, 2016

Israel’s policy interest rate, 0.10% since a 15-basis point cut in February 2015, was again left unchanged after the March monthly meeting of monetary policymakers.  In 2011, 2012, 2013 and 2014 the rate was cut three times each year.  All the reductions were by 25 basis points.  A statement explaining today’s decision noted that expected […] More

Bank of Israel Leaves Interest Rate Unchanged at 0.10%

February 22, 2016

It’s been a year since the last interest rate modification at Israel’s central bank.  That 15-basis point cut followed four consecutive calendar years in which the rate was reduced three times by 25 basis points each time.  The current 0.10% level thus compares with 3.25% at the end of 2010.  Israeli monetary officials released a […] More

Bank of Israel: No Change in Interest Rate but Dovish Statement Released

January 25, 2016

Eleven months have passed since the last Israeli central bank interest rate cut, a reduction of 15 basis points to 0.10%.  From a peak of 3.25%, the rate previously had been cut by 75 basis points each year from 2011 through 2014.  At 0.1%, Israel is one of many central banks with either a negative […] More

A Dovish Statement from the Bank of Israel

December 28, 2015

Israel’s monetary committee left its policy interest rate unchanged at 0.1%, the level since a reduction of 15 basis points last February.  In each of four consecutive calendar years through 2014, the interest rate was reduced three times, bringing such to 0.25% from 3.25% at the end of 2010.  A statement released by the central […] More

Bank of Israel

November 23, 2015

The released statement following this month’s monetary policy meeting has a dovish tone, although Israel’s monetary policy interest rate of 0.15% was not cut further.  It had been reduced previously by 75 basis points a year in four consecutive years plus by a further 15 basis points in the February of this year.  The statement […] More

Bank of Israel

October 26, 2015

Israel’s monetary policy rate will stay at 0.10% in November, its level since a 15-basis point cut announced in late February.  CPI inflation of 0.4% remains less than zero, and core inflation is at 1.0%.  Expected inflation is stable, and GDP is expanding moderately.  The official statement notes that monetary policy stances are still quite […] More