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.