Bank of Israel​

In the third quarter of 2026, the shekel weakened by approximately 2.9 percent against the US dollar and by about 2.4 percent against the euro. In addition, the shekel weakened by about 2.8 percent against the currencies of Israel's main trading partners, in terms of the nominal effective exchange rate (i.e., the trade-weighted average shekel exchange rate against those currencies).

Remarks by the Governor of the Bank of Israel at the press briefing on monetary policy held today at the Bank of Israel

The Monetary Committee decides on October 21, 2026 to keep the interest rate unchanged at 3.25 percent.

This document presents the macroeconomic staff forecast formulated by the Bank of Israel Research Department in October 2026 concerning the main macroeconomic variables—GDP, inflation, and the interest rate.

The monthly Index of Economic Activity increased by 0.3 percent in September. The Index this month reflects the average monthly growth estimate for the three months from July to September.