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Inflation fell to an annual 2.6 percent in January, its lowest in two years. 'When we see that inflation seems to be stabilizing, we will be able to continue lowering interest rates,' the governor of the Bank of Israel said, citing high uncertainty amid the Gaza war

"It has been four difficult months for Israel," Bank of Israel Governor Amir Yaron told a press conference. "Beyond security issues, the war brings with it marked economic

  Bank of Israel Governor Amir Yaron said on Sunday the country's economy was strong and would recover from the impact of the war, but called on the government to address issues raised by Moody's after the agency downgraded Israel's sovereign credit rating. Follow Israel Hayom on Facebook, Twitter, and Instagram "In order to strengthen […]

Bank of Israel Deputy Governor Andrew Abir told financial forecasters that the bank is focusing on stabilizing the forex market.

The shekel is continuing to strengthen as the Bank of Israel reports how much foreign currency it sold during October.

If the shekel continues its impressive appreciation, some analysts see the Bank of Israel cutting the interest rate on November 27.

Top economists at Israel's banks provide contradictory forecasts on whether the Bank of Israel will cut the interest rate on Monday.

This is the first interest rate cut in Israel since March 2020, as the Bank of Israel Monetary Committee seeks to support the war-hit economy.

"Taking additional credit during this period may increase the vulnerability of households," the Bank of Israel Financial Stability report cautions.