The Bank of Israel held its benchmark interest rate at 0.1% for a tenth straight policy meeting on July 5th of 2021, in line with expectations. Policymakers noted the economy is almost completely open, and as of now, there are not material restrictions on economic activity although the spread of the coronavirus “Delta Variant” poses risks to the continued recovery of the economy. source: Bank of Israel
Interest Rate in Israel averaged 5.17 percent from 1996 until 2021, 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 July of 2021.
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 0.25 percent in 2022 and 0.50 percent in 2023, according to our econometric models.