Bank of Israel

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

Bank of Israel

September 28, 2015

Israel’s policy interest rate will remain at 0.10% next month, it’s level since a 15-basis point cut announced in late February.  The rate was cut from 3.25% at end-2010 to 0.25%  at end-2014.  Each of the intervening years saw the rate cut by 25 bps on three occasions. A statement of explanation released this past […] More

Bank of Israel Releases More Dovish Statement While Leaving Key Interest Rates at 0.10%

August 24, 2015

From a 3.25% level, Israel’s current 0.10% interest rate was reached a half year ago after a 15-basis point cut, and reductions totaling 75 basis points per year in each of four consecutive years spanning 2011 to 2014.  The statement released after this month’s meeting of BOI policymakers is more dovish than July’s in the […] More

Bank of Israel

July 27, 2015

The key central bank interest rate was left at 0.10%, its level since a cut of 15 basis points in February.  There were three reductions of 25 basis points each in 2014, the latest of which occurred in August.  75 basis points each were cut in 2011, 2012, 2013 from an end-2010 level of 3.25%.  […] More

Bank of Israel Keeps its Key Interest Rate at 0.10%

June 22, 2015

The June meeting of the Monetary Policy Committee in Israel ended with a decision not to ease the ultra-accommodative stance any further, and market indications of rate expectations have sliced the probability of more easing according to a statement released by the Bank of Israel.  The rate had been cut by 75 basis points each […] More