The central bank of Israel left its benchmark interest rate unchanged at 0.1 percent on October 22nd 2020, in line with expectations. However, the bank increased the government-bond purchase program by ILS 35 billion, aiming to continue to support financing ability in the economy, amid the strengthening of the coronavirus crisis and its economic effects. In March, the central bank launched an ILS 50 billion programme to buy government bonds on the secondary market, with the goal of easing credit terms in the economy and support economic activity and financial stability.
Interest Rate in Israel averaged 5.27 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. Israel Interest Rate - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.
Interest Rate in Israel is expected to be 0.10 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 0.10 in 12 months time. In the long-term, the Israel Interest Rate is projected to trend around 0.10 percent in 2021 and 0.50 percent in 2022, according to our econometric models.