Bank of Israel
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Remarks by the Bank of Israel Governor at an online investors’ conference on “The Economy and the Financial Markets in Israel: Navigating During Wartime”30/11/2023Bank of Israel Governor Prof. Amir Yaron delivered remarks during an online conference held at the initiative of the Association of Hedge Funds and the Tel Aviv Stock Exchange for global capital market investors. His talk was entitled: “Israel’s Economic Strength and Navigating its Dynamics During Wartime”.
Remarks by the Governor of the Bank of Israel at the press briefing on monetary policy held today at the Bank of Israel27/11/2023"We are in the eighth week of the “Swords of Iron” War. Beyond the security issues, the war has marked economic ramifications, which impact on real activity and on the financial markets. We at the Bank of Israel and the Monetary Committee are utilizing a range of tools that are available to us in order to assist the economy and the public in Israel to get through this period and reach the optimal starting point for the day after."
The Monetary Committee decides on November 27, 2023 to leave the interest rate unchanged at 4.75 percent27/11/2023The State of Israel is in the eighth week of the “Swords of Iron” war. The war is having significant economic consequences, both on real activity and on the financial markets. Indicators of economic activity during the war point to an initial contraction of business activity, with some recent gradual recovery.
Research Department Staff Forecast, November 202327/11/2023This document presents the macroeconomic staff forecast formulated by the Bank of Israel Research Department in November 2023 concerning the main macroeconomic variables—GDP, inflation, and the interest rate. This forecast was formulated in the midst of the “Swords of Iron” War, which broke out on October 7, 2023 with the cruel attack by terrorist organizations from Gaza.
The Composite State of the Economy Index declined by 1.1 percent in October26/11/2023The Composite State of the Economy Index declined by 1.1 percent in October—influenced by the Swords of Iron War. The outbreak of the war on October 7 led to a sharp decline in economic activity, particularly in private consumption. The decline was reflected in a sharp decline in credit card purchases and in the import of consumer goods in October.
BOI interest rate
Next decision date: 01/01/2024
12-month percentage change
In the headlines
Информация для репатриантов из Украины и России
Outline to help bank customers deal with the ramifications of the “Swords of Iron” war
Outline for Credit Card customers to help them deal with the ramifications of the “Swords of Iron” war
Research Department Staff Forecast, October 2023
Measures taken so far by the Banking Supervision Department to assist customers of the banking system due to the “Swords of Iron” war
Misuse of credit cards and bank account information of victims of the security situation
Digital Shekel (CBDC)
Representative exchange rates
Up-to-date as of: 01/12
All About the Bank of Israel
Credit Data Register
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Oded Salomy & Yoav Soffer at the Fintech Summit conferece
A joint experiment by BIS and central banks of Hong-Kong and Israel to create a retail CBDC
Governor Yaron at the Fintech Abu Dhabi conference