Bank of Israel​

Supervisor's remarks at the "Environment 2050" conference on climate developments and the importance of regulation and the banking system in the process

The Payment Systems Oversight at the Bank of Israel is publishing below the “join-up dates”, meaning the dates on which fintech companies and other entities can begin activity in the payment systems.

Israel’s foreign exchange reserves at the end of December 2022 stood at $194,144 million, a decrease of $274 million from their level at the end of the previous month. The level of the reserves relative to GDP was 37.4 percent (Figure 1).

Inflation in Israel is 5.3 percent over the past 12 months, and is high in a wide range of CPI components. However, there has been some moderation in some components. Inflation expectations for all ranges are within the target range

This report surveys the monetary policy during the second half of 2022 and the interest rate decision in January 2023.