The central bank of Israel increased its key interest rate by 75bps to 2% during its August 2022 meeting, its fourth straight increase and the biggest in 2 decades, pushing borrowing costs to their highest level since late 2012. Policymakers noted that inflation continues to increase and is above the 1%-3% target range while economic activity remains strong, and the labor market tight. The central bank added that further interest rate increases will depend on economic data and the development of inflation. source: Bank of Israel
Interest Rate in Israel averaged 5.02 percent from 1996 until 2022, 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 September of 2022.
Interest Rate in Israel is expected to be 2.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Israel Interest Rate is projected to trend around 3.25 percent in 2023 and 2.00 percent in 2024, according to our econometric models.