The central bank of Israel left its benchmark interest rate steady at 0.25 percent on July 8th, in line with market expectations after inflation rate jumped to 1.5 percent, the highest since December of 2013 and above the lower bound of the 1-3% target. Policymakers forecast annual inflation rate to decline in the coming months, but slightly above the lower bound of the target range. Over the next year, inflation is projected to be 1.4 percent. The central bank added that the shekel has been relatively stable against the dollar and the euro since the last meeting. Interest Rate in Israel averaged 5.49 percent from 1996 until 2019, reaching an all time high of 17 percent in June of 1996 and a record low of 0.10 percent in March of 2015.

Interest Rate in Israel is expected to be 0.50 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 0.75 in 12 months time. In the long-term, the Israel Interest Rate is projected to trend around 1.25 percent in 2020, according to our econometric models.

Israel Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-02-25 02:00 PM Interest Rate Decision 0.25% 0.25% 0.25% 0.25%
2019-04-08 01:00 PM Interest Rate Decision 0.25% 0.25% 0.25% 0.25%
2019-05-20 01:00 PM Interest Rate Decision 0.25% 0.25% 0.25% 0.25%
2019-07-08 01:00 PM Interest Rate Decision 0.25% 0.25% 0.25% 0.25%
2019-08-28 01:00 PM Interest Rate Decision 0.25% 0.5%
2019-10-07 01:00 PM Interest Rate Decision 0.5%
2019-11-25 02:00 PM Interest Rate Decision 0.5%


Israel Money Last Previous Highest Lowest Unit
Interest Rate 0.25 0.25 17.00 0.10 percent [+]
Money Supply M1 418797.00 415362.00 418797.00 8.00 ILS Million [+]
Interbank Rate 0.26 0.26 12.06 0.05 percent [+]
Money Supply M2 858786.60 850403.40 858786.60 12.40 ILS Million [+]
Money Supply M3 1152545.00 1149254.00 1152545.00 48174.00 ILS Million [+]
Foreign Exchange Reserves 120108.00 118124.00 120108.00 7655.80 USD Million [+]
Banks Balance Sheet 1576411.00 1593367.00 1593367.00 1037203.10 NIS Million [+]
Deposit Interest Rate 0.52 0.48 438.36 0.46 percent [+]
Private Debt to GDP 123.66 123.63 136.74 122.16 percent [+]
Loans To Private Sector 607.34 605.56 607.34 273.94 ILS Billion [+]
Central Bank Balance Sheet 433010.00 433510.00 437188.00 102859.00 NIS Million [+]


Israel Interest Rate

In Israel, the interest rates decisions are taken by the Bank of Israel. The official interest rate is the "headline" rate. This page provides - Israel Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Israel Interest Rate - actual data, historical chart and calendar of releases - was last updated on July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.25 0.25 17.00 0.10 1996 - 2019 percent Daily




Country Last Previous
Argentina 58.72 Jul/19
Turkey 24.00 Jun/19
Mexico 8.25 Jul/19
Russia 7.50 Jun/19
Brazil 6.50 Jun/19
South Africa 6.50 Jul/19
India 5.75 Jul/19
Indonesia 5.75 Jul/19
China 4.35 Jun/19
Saudi Arabia 3.00 Jun/19
United States 2.50 Jun/19
Canada 1.75 Jul/19
Singapore 1.67 Jun/19
South Korea 1.50 Jul/19
Australia 1.00 Jul/19
United Kingdom 0.75 Jun/19
Euro Area 0.00 Jun/19
France 0.00 Jun/19
Germany 0.00 Jun/19
Italy 0.00 Jun/19
Netherlands 0.00 Jun/19
Spain 0.00 Jun/19
Japan -0.10 Jun/19
Switzerland -0.75 Jun/19


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