The Bank of Israel held its benchmark interest rate at 0.1% for an 11th straight policy meeting on August 23rd of 2021, in line with expectations, citing high uncertainty on the economic outlook due to the increased health risks both at home and abroad. The Israeli economy grew an annualised 15.4% in the second quarter helped by the rapid COVID-19 vaccination and the removal of major restrictions on economic activity, but the Delta strain has led to a spike in infections. Policymakers also noted that annual Inflation rate rose to 1.9% in July, near the midpoint of the government's 1%-3% annual target range, from 1.7% in June; with inflation expectations for the coming year around 2%. The monetary policy committee said that will therefore continue a very accommodative monetary policy for a prolonged time. source: Bank of Israel
Interest Rate in Israel averaged 5.17 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 September 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. Looking forward, we estimate Interest Rate in Israel to stand at 0.10 in 12 months time. 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.