The Bank of Israel Building in Jerusalem

Jerusalem, 8 April, 2024 (TPS) -- The Bank of Israel building at Kiryat HaMemshala (the government complex) in Jerusalem. On Monday the Bank decided to leave the interest rate unchanged at 4.5%. The move came even though Israel’s GDP contracted by 5.6% in the fourth quarter of 2023, compared with the third quarter, because of the war in Gaza.

The Bank predicts that GDP in Israel will grow by 2% in 2024 and by 5% in 2025.

Jerusalem, Feb 26, 2024.
Photo by Yoav Dudkevitch/TPS