Interest rate

Mekorot reports higher 2nd quarter profit, but regulatory changes weigh on 2026 results

National water company posts NIS 243 million net profit in Q2, while regulatory changes led to a further NIS 83 million decline in the value of its assets during the first half of the year

|ByJERUSALEM POST STAFF
Mekorot – International Water Powerhouse.
Matan Shitrit, Chief Economist at Phoenix Financial

Israel in the eye of the storm — But the economy tells a different story

The State of Israel sits at the center of the geopolitical turbulence, yet precisely at this juncture many of its macro indicators look better than those of quite a few countries far removed from it.

|ByMATAN SHITRIT, IN COLLABORATION WITH PHOENIX FINANCIAL
Governor of the Bank of Israel Amir Yaron speaks during a press conference at the Bank of Israel offices in Jerusalem, on January 2, 2022.

Next Israel government must halt rise in debt burden, central bank chief says

With elections coming up on October 27, Bank of Israel Governor Amir Yaron stated that fiscal policy will be the biggest challenge for the elected government, especially if Israel returns to war.

|ByREUTERS
New Israeli Shekel banknotes and coins are seen in this picture illustration taken November 9, 2021.

Bank of Israel lowers interest rate to 3.5% in response to strong shekel, halt in war with Iran

The Bank of Israel Monetary Committee, headed by Amir Yaron, announced that the national interest rate will be lowered once again to 3.5% as inflation declines and the shekel remains strong.

|ByRUBY SADIKMAN

Bank of Israel keeps interest rate steady at 4.75% amidst inflation concerns

There’s still no telling when the interest rate will decline, experts note.

SEPTEMBER 4, 2023ByZACHY HENNESSEY
BANK OF Israel headquarters in Jerusalem: Israel’s favorable environment for economic development has been accompanied by an impressive improvement in the country’s credit rating, say the writers.

Despite economic turmoil, Israel's interests set to remain at 4.75%

Recent signs of decreased inflation indicate an unchanged interest rate, as consumers begin saving and global pressures subside.

SEPTEMBER 3, 2023ByZACHY HENNESSEY
New Israeli Shekel banknotes and coins are seen in this picture illustration taken November 9, 2021.