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Israel Interest Rate
Last Release
Jul 07, 2025
Actual
4.5
Units In
%
Previous
4.5
Frequency
Daily
Next Release
Aug 20, 2025
Time to Release
1 Months 11 Days 12 Hours
Highest | Lowest | Average | Date Range | Source |
17 Jun 1996 | 0.1 Mar 2015 | 4.97 % | 1996-2025 | Bank of Israel |
In Israel, the interest rates decisions are taken by the Bank of Israel. The official interest rate is the "headline" rate.
Latest Updates
The Bank of Israel held its benchmark interest rate steady at 4.5% for the twelfth consecutive meeting on July 7, 2025, in line with market expectations. This decision reflects a cautiously optimistic outlook as the economy continues to recover at a moderate pace, with GDP growing by an annualized 3.7% in the first quarter—closely matching the Bank’s forecast of 3.3% growth for 2025. Annual inflation eased to 3.1% in May, though it remains above the upper bound of the target range. The labor market remains tight, as shown by a persistently high ratio of job vacancies to unemployed persons. Since the previous rate decision, the shekel has appreciated sharply against the dollar and the euro. The Bank of Israel stated that it will continue to closely monitor inflation trends, financial market stability, and overall economic activity to guide the future course of monetary policy, amid ongoing significant geopolitical uncertainties both domestically and globally.
Israel Interest Rate History
Last 12 readings