The Bank of Israel left its benchmark interest rate unchanged at 0.1 percent at its February 2017 meeting, as widely expected. Policymakers said short-term inflation expectations are below the target, but forward expectations for medium terms, from the third year onward, are within the target range of 1–3 percent and longer term expectations are anchored near the midpoint of the target range. Real economic activity continues to improve and labor market remains very positive. Meantime, the shekel strengthened by 3 percent against the dollar from the last monetary policy decision, weighing on the development of goods exports and signaling that policymakers will continue to intervene in the foreign exchange market. Interest Rate in Israel averaged 5.93 percent from 1996 until 2017, reaching an all time high of 17 percent in June of 1996 and a record low of 0.10 percent in February of 2015.
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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 April of 2017.