Articles in "Bank of Israel"

Bank of Israel Governor Warns Judicial Reform Passage Could Harm Economy

Governor of the Bank of Israel (BOI) Amir Yaron spoke about Monday’s decision to leave the interest rate unchanged at 4.75%. The main ...

Bank Hapoalim to Absorb Cost of Higher Interest for 10,000 Mortgage Borrowers

One of Israel's largest banks announced on Sunday that it will absorb an anticipated increase mortgage rate interest for around 10,000 ...

Bank of Israel Raises Interest Rates 0.5 Percentage Points to 3.25%

The Bank of Israel (BOS) is raising interest rates again. The bank announced Monday that it will increase the interest rate by 0.5 ...

US Dollar Almost Hits 25 Year Low Against the Shekel, Bank of Israel Forced to Intervene

The Bank of Israel (BOI) today was forced to intervene when the US Dollar came very close to hitting a 25 year low. As it stands right now, ...

Bank of Israel Leaves Interest Rates Unchanged

The Monetary Committee of The Bank of Israel will keep the interest rate unchanged at 0.1 percent. This decision is related to the ongoing ...

Israel Moving Quickly to Smart and Secure Payments in Commerce

The implementation of the first milestone in the deployment of the EMV (Europay, MasterCard, and Visa)  smart payment framework in Israel ...

Bank of Israel Joins Environmental Network for Greening the Financial System

Israel has joined the Network for Greening the Financial System (NGFS), another phase in its efforts to reduce the effects of climate risks ...

International Monetary Fund Discuss Financial COVID-19 Crisis in Israel

A delegation of the International Monetary Fund (IMF) began on Monday its discussions in Israel following the financial crisis generated by ...

Israel’s Foreign Exchange Reserves Swell  

Israel’s foreign exchange reserves at the end of December 2019 stood at a record $126 billion, an increase of $3.64 billion from their ...

Bank of Israel Publishes Standards for ‘Open Banking,’ Promoting Financial Transparency

The Bank of Israel (BOI) on Wednesday published a draft of its proposed standards for proper banking management on "Open Banking," inviting ...