Bank of Israel

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

Bank of Israel Keeps Existing Policy Stance

May 25, 2015

In a statement affirming the appropriateness of Israel’s 3-month old 0.10% central bank interest rate, officials noted the current sub-zero rate of CPI inflation, 2.1 percentage points below the inflation target range of 1-3%, continuing moderate growth in real GDP, and shekel appreciation since the prior month’s meeting amounting to 3% against the dollar, 1.3% […] More

Israeli Monetary Policy Rate Left Unchanged after Monthly Meeting

April 27, 2015

The Bank of Israel’s key interest rate was cut three times each in 2011, 2012, 2013 and 2014, plus by 15 basis points to 0.10% on February 23rd.  A statement released after the April committee meeting makes familiar points.  On-year inflation of -1.0% remains well below zero.  Medium-term CPI expectations hover at a low 1.0%, […] More

Bank of Israel Didn’t Ease Further

March 23, 2015

Monetary officials implemented three 25-basis point cuts each in Israel’s Bank Rate in 2011, 2012, 2013, and 2014 and an additional 15-basis point reduction at the previous month’s meeting in February.  Opinions were mixed about what action might be taken after the March meeting, ranging from adoption of a negative interest rate as several other […] More

Bank of Israel Cuts Interest Rate to 0.10% from 0.25%

February 23, 2015

The Bank of Israel has become the latest central bank to cut what already seemed to be a rock-bottom interest rate level.  In each of the last four calendar years, monetary officials had implemented three rate cuts, each by 25 basis points and cumulating to a reduction of 300 basis points from 3.25% to 0.25%.  […] More

Bank of Israel

January 26, 2015

Israel’s central bank interest rate was left at the record low level of 0.25%, where such has been since a 25-basis point cut announced late last August.  An accompanying statement notes that both inflation and expected inflation continue to lie well below the 1-3% target range, that economic growth improved last quarter, and that trade-weighted […] More

Bank of Israel Interest Rate Policy Continues in Extended Pause

December 29, 2014

Israel’s central bank interest rate of 0.25% over the past four months is not likely to change in 2015 according to the latest Bank of Israel statement that defends today’s decision not to modify policy. The Bank of Israel interest rate is expected, according to the staff forecast, to remain at 0.25 percent throughout 2015 […] More

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