The Bank of Israel has decided not to change the interest rate. This means that the level of interest on loans and deposits will remain the same. For citizens, this may mean stability in the financial sector.

The Bank of Israel has decided not to change the key rate, which will remain at 4.5%. This means that loans for citizens will remain at their current conditions. In July, inflation in the country rose to 3.2%, exceeding the Bank of Israel's target range (1%-3%).

The decision was prompted by concerns about accelerating inflation in Israel, driven by various factors including the aftermath of the war, a weakening local currency and increased government spending. The bank criticized the government for exceeding its 2025 budget.

Meanwhile, the global economy is seeing a decline in key rates. The ECB has already begun to cut interest rates, and the US is likely to follow suit in November. The key rate plays a key role in regulating the economy, influencing lending to individuals and businesses, as well as the level of inflation.

Leave a comment↓

Read us in channels Israel News Nikk.Agency News from Israel V – Telegram— Facebook, — Google News