Bank of Israel​

The Monetary Committee kept the interest rate unchanged at 4.5 percent in all its decisions in the second half of 2024. In view of the continuing war, the Monetary Committee’s policy is focusing on stabilizing the markets and reducing uncertainty, alongside price stability and supporting economic activity. The interest rate path was determined in accordance with the convergence of inflation to its target, continued stability in the financial markets, economic activity, and fiscal policy.

Mr. Oded Salomy, Head of the Bank of Israel Payment and Settlement Systems Department, will be completing his four-year term in May 2025

Bank of Israel Governor Prof. Amir Yaron and leading Bank officials met today with a six-member delegation from the International Monetary Fund, led by Mr. Jan Kees Martijn, who are on a brief visit to Israel.  The current visit is a fact-finding mission to take stock of recent economic and financial developments in Israel and the country’s economic outlook.

Governor of the Bank of Israel Prof. Amir Yaron and members of the Bank of Israel Monetary Committee today held a meeting with the group of forecasters that regularly provides the Bank of Israel with forecasts for inflation, the interest rate, and the exchange rate. The meeting provides an opportunity for exchanging opinions and assessments between the Bank of Israel and leading financial institutions in the economy.

We are at the beginning of a new year. The year 2024 that just ended was full of security-related and economic challenges, and Israel’s economy continues to display its resilience. We have dealt with, and continue to deal with, as a state and as a society, the Swords of Iron War, and its broad impacts that are still leaving a notable imprint on all areas of our lives. The complex security situation and its effects on the economy are always among our considerations and are taken into account when reaching monetary policy decisions. Yesterday and today, the Monetary Committee held discussions in order to reach the policy decision. At the end of the meetings, the Monetary Committee decided to leave the interest rate unchanged at 4.5 percent. .