Bank of Israel​

The Composite State of the Economy Index increased in March by 0.25 percent, and the Index readings for January and February were revised upward, reflecting continued slightly moderate growth in economic activity in the first quarter of the year.

By law, the authority to cancel banknotes rests with the Governor of the Bank of Israel.  Even though the matter has been raised, the Governor has thus far not been shown any sufficiently established professional justification to cancel any banknote.

On March 3, 2025, the Bank of Israel released the Preliminary Design for the Digital Shekel System, inviting the public to provide feedback via a dedicated questionnaire by April 30, 2025. The submission deadline is being extended, granting an additional two weeks until May 15, 2025.

Inflation expectations derived from the capital market are defined as the ratio between the yields on unindexed government bonds and the yields on CPI-indexed government bonds (breakeven inflation).

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.