The Bank of Israel held its benchmark interest rate at a record low of 0.1% for a 12th straight policy meeting on October 7th of 2021, in line with expectations, amid an improving economic outlook and rising inflation. The Israeli economy grew an annual 16.6% in the second quarter over the last quarter, helped by nearly full opening of the economy; and it expected to expand by 7% in 2021 (vs July's estimate of 5.5%) and 5.5% in 2022 (vs earlier 6%). Meanwhile, the annual inflation rate rose to 2.2% in August, above the midpoint of the government’s 1%-3% annual target range. The inflation rate is now seen at 2.5% this year (vs previous estimate of 1.7%), easing back to 1.6% in 2022. Policymakers also added that it would end its bond buying stimulus programme by early December and suggested it could raise rates in 2022, amid rising inflation and a continued rebound in the economy. source: Bank of Israel
Interest Rate in Israel averaged 5.13 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 October 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. 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.