Business sector debt declined by about 0.1 percent to around NIS 826 billion in February. Household debt increased by about NIS 1.6 billion (0.4 percent) to around NIS 439 billion at the end of the month.

The total outstanding debt of the business sector declined by about NIS 1 billion (0.1 percent) to around NIS 826 billion in February. The decline derived mostly from net repayments of bank loans totaling about NIS 5 billion, and from the effect of the decline in the Consumer Price Index by about 0.7 percent, which lowered the value of CPI-indexed debt.  These declines were mostly offset by net new debt raised through tradable bonds in Israel and nonbank loans, and by a depreciation of about 1.1 percent in the value of the shekel vis-à-vis the dollar.
Households’ outstanding debt increased by about NIS 1.6 billion (0.4 percent), to about NIS 439 billion, in February. Of that, the balance of outstanding housing debt remained virtually unchanged, at about NIS 304 billion at the end of February.
 
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