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Monetary instruments

Deposit window interest rate: 3.25%
Credit window interest rate: 4.25%

Tools utilized for the implementation of the monetary policy

The Bank of Israel conducts monetary policy with the objective of attaining the inflation target set by the government.  To accomplish this, the Bank utilizes various monetary tools.  These include monetary loans to banking corporations, monetary deposits by the banking corporations with the Bank of Israel, a credit window and a deposit window, Makam issues, transactions in the open market, and repo auctions.