Archive for November 21st, 2022

Central Bank Watch

50-Basis Point Israeli Central Bank Rate Hike Brings Cumulative Increase Since April to 315 Basis points

November 21, 2022

The Bank of Israel’s new policy rate now becomes 3.25%, an 11-year high after the sixth increase this year. The rate had previously been just 0.10% since a 15-basis reduction in April 2020 and maintained there for two years. Like many monetary authorities around the world, Bank of Israel officials are fighting above-target and increasingly […] More