The central bank of Israel left its benchmark interest rate steady at 0.25 percent on August 28th, in line with market expectations after inflation rate fell to 0.5 percent, the lowest since May of 2018 and below the government's 1-3 percent target. Policymakers forecast annual inflation rate to decline further in the coming months. The central bank added that the interest rate will not be increased for an extended period, and if necessary it will make monetary policy more accommodative in order to stabilize inflation around the target. Interest Rate in Israel averaged 5.46 percent from 1996 until 2019, reaching an all time high of 17 percent in June of 1996 and a record low of 0.10 percent in March of 2015.

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 0.50 percent in 2020, according to our econometric models.

Israel Interest Rate
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Calendar GMT Actual Previous Consensus TEForecast
2019-04-08 01:00 PM Interest Rate Decision 0.25% 0.25% 0.25% 0.25%
2019-05-20 01:00 PM Interest Rate Decision 0.25% 0.25% 0.25% 0.25%
2019-07-08 01:00 PM Interest Rate Decision 0.25% 0.25% 0.25% 0.25%
2019-08-28 01:00 PM Interest Rate Decision 0.25% 0.25% 0.25% 0.25%
2019-10-07 01:00 PM Interest Rate Decision 0.25% 0.25%
2019-11-25 02:00 PM Interest Rate Decision 0.25%


Israel Money Last Previous Highest Lowest Unit
Interest Rate 0.25 0.25 17.00 0.10 percent [+]
Money Supply M1 422339.00 420992.00 422339.00 8.00 ILS Million [+]
Interbank Rate 0.23 0.23 12.06 0.05 percent [+]
Money Supply M2 862395.80 857292.60 862395.80 12.40 ILS Million [+]
Money Supply M3 1169038.00 1168373.00 1169038.00 48174.00 ILS Million [+]
Foreign Exchange Reserves 119823.00 119994.00 120108.00 7655.80 USD Million [+]
Banks Balance Sheet 1610165.48 1604371.04 1610165.48 1037203.10 NIS Million [+]
Deposit Interest Rate 0.56 0.52 438.36 0.46 percent [+]
Private Debt to GDP 123.66 123.63 136.74 122.16 percent [+]
Loans To Private Sector 607.34 605.56 607.34 273.94 ILS Billion [+]
Central Bank Balance Sheet 437656.00 434417.00 437656.00 102859.00 NIS Million [+]


Israel Interest Rate

In Israel, the interest rates decisions are taken by the Bank of Israel. The official interest rate is the "headline" rate. This page provides - Israel Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Israel Interest Rate - actual data, historical chart and calendar of releases - was last updated on September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
0.25 0.25 17.00 0.10 1996 - 2019 percent Daily




Country Last Previous
Argentina 82.79 Sep/19
Turkey 16.50 Sep/19
Mexico 8.00 Aug/19
Russia 7.00 Sep/19
South Africa 6.50 Sep/19
Brazil 5.50 Sep/19
India 5.40 Aug/19
Indonesia 5.25 Sep/19
China 4.20 Sep/19
Saudi Arabia 2.50 Sep/19
United States 2.00 Sep/19
Canada 1.75 Sep/19
Singapore 1.74 Aug/19
South Korea 1.50 Aug/19
Australia 1.00 Sep/19
United Kingdom 0.75 Sep/19
Euro Area 0.00 Sep/19
France 0.00 Sep/19
Germany 0.00 Sep/19
Italy 0.00 Sep/19
Netherlands 0.00 Sep/19
Spain 0.00 Sep/19
Japan -0.10 Sep/19
Switzerland -0.75 Sep/19


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