The central bank of Israel left its benchmark interest rate steady at 0.25 percent on January 3rd, in line with market expectations. In the coming months, inflation is expected to remain near the lower bound of the target range while the shekel has been relatively stable against the dollar. The Bank also noted that Israel’s economy activity continued to grow in the last quarter of 2019 while the labor market remained tight. The central bank added that it will be necessary to leave the interest rate at its current level for an extended period or reduce it to stabilize inflation.

Interest Rate in Israel averaged 5.39 percent from 1996 until 2020, reaching an all time high of 17 percent in June of 1996 and a record low of 0.10 percent in March of 2015. This page provides - Israel Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Interest Rate in Israel is expected to be 0.25 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interest Rate in Israel to stand at 0.25 in 12 months time. In the long-term, the Israel Interest Rate is projected to trend around 0.25 percent in 2020, according to our econometric models.


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Israel Interest Rate

Actual Previous Highest Lowest Dates Unit Frequency
0.25 0.25 17.00 0.10 1996 - 2020 percent Daily


Calendar GMT Actual Previous Consensus TEForecast
2019-08-28 01:00 PM 0.25% 0.25% 0.25% 0.25%
2019-10-07 01:00 PM 0.25% 0.25% 0.25% 0.25%
2019-11-25 02:00 PM 0.25% 0.25% 0.1% 0.1%
2020-01-09 02:00 PM 0.25% 0.25% 0.25% 0.10%
2020-02-24 02:00 PM 0.25% 0.25%
2020-04-06 02:00 PM 0.25%
2020-05-25 02:00 PM 0.25%
2020-07-06 02:00 PM


News Stream
Israel Leaves Monetary Policy Unchanged
The central bank of Israel left its benchmark interest rate steady at 0.25 percent on January 3rd, in line with market expectations. In the coming months, inflation is expected to remain near the lower bound of the target range while the shekel has been relatively stable against the dollar. The Bank also noted that Israel’s economy activity continued to grow in the last quarter of 2019 while the labor market remained tight. The central bank added that it will be necessary to leave the interest rate at its current level for an extended period or reduce it to stabilize inflation.
2020-01-09
Israel Leaves Monetary Policy Unchanged
The central bank of Israel left its benchmark interest rate steady at 0.25 percent on November 25th, surprising markets who expected a 15 bps cut. Annual inflation expectations remained stable around the lower bound of the target range, although the appreciation of the shekel continues to make it difficult to return inflation to the target range. The Bank also noted that Israel’s economy activity continues to grow at close to its potential rate, despite the negative global sentiment. The central bank added that it will be necessary to leave the interest rate at its current level for an extended period or reduce it to stabilize inflation.
2019-11-25
Israel Leaves Monetary Policy Unchanged
The central bank of Israel left its benchmark interest rate steady at 0.25 percent on October 7th, in line with market expectations. Annual inflation is expected to decline in the next months, although the appreciation of the shekel is making it more difficult to return inflation to the target range. Also, the bank noted that the risks to the global economy increased, mainly due to a US-China trade war and uncertainty regarding Brexit. The central bank added that it will be necessary to leave the interest rate at its current level for an extended period or reduce it to stabilize inflation around the target.
2019-10-07
Israel Keeps Key Rate at 0.25%, Opens Door to a Cut
The central bank of Israel left its benchmark interest rate steady at 0.25 percent on August 28th, in line with market expectations after inflation rate fell to 0.5 percent, the lowest since May of 2018 and below the government's 1-3 percent target. Policymakers forecast annual inflation rate to decline further in the coming months. The central bank added that the interest rate will not be increased for an extended period, and if necessary it will make monetary policy more accommodative in order to stabilize inflation around the target.
2019-08-28

Israel Interest Rate
In Israel, the interest rates decisions are taken by the Bank of Israel. The official interest rate is the "headline" rate.