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borrowing costs

Illustrative: A largely empty pedestrian mall in central Jerusalem on August 2, 2026. (Yonatan Sindel/Flash90)
September 1, 2026, 8:54 pm
Bank of Israel slashes rates to four-year low to bolster postwar economic rebound
Central bank cuts borrowing costs to 3.25%, warning of only partial recovery; manufacturers accuse Governor Yaron of doing too little too late, as strong shekel batters exporters
By Sharon Wrobel
Governor of the Bank of Israel Amir Yaron speaks during a press conference at the Finance Ministry in Jerusalem on August 6, 2025. (Yonatan Sindel/ Flash90)
May 25, 2026, 9:57 pm
Bank of Israel cuts borrowing costs, while flagging geopolitical risks
Local manufacturers attack Governor Yaron for doing too little, too late, as the mighty shekel hurts competitiveness and profitability of exporters
By Sharon Wrobel
Israelis at the Azrieli shopping mall in Givatayim near Tel Aviv, where stores opened after staying closed for a few days amidst the ongoing Israel-US war with Iran, March 6, 2026. (Miriam Alster/FLASH90)
March 30, 2026, 8:59 pm
Bank of Israel slashes growth prospects as Iran war takes toll on economy
Central bank leaves borrowing costs high, raises concerns over the intensity and duration of the campaign; Governor Yaron criticizes state for okaying coalition funds in wartime
By Sharon Wrobel
The Bank of Israel's main offices in Jerusalem, January 2, 2023. (Yonatan Sindel/ Flash90)
November 24, 2025, 9:02 pm
Central bank lowers rates for 1st time in nearly 2 years, cautions about pace of cuts
Bank of Israel says further interest rate cuts will depend on stability of geopolitical situation and government spending in upcoming 2026 budget; expects to cut rate 0.5% by next September
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks at a press conference in Jerusalem, April 7, 2025. (Sharon Wrobel/ The Times of Israel)
September 29, 2025, 8:02 pm
Central bank again holds rates as governor warns prolonged Gaza war weighs on growth
Amir Yaron says high geopolitical and economic uncertainty, alongside volatile inflation trends, do not justify cutting interest rate; central bank reduces 2025 growth forecast
By Sharon Wrobel
Maxim Rybnikov (right), London-based director at S&P Global Ratings, speaks via video conference at the Israel Democracy Institute’s Eli Hurvitz conference on Economy and Society in Jerusalem, May 27, 2025. At left is former Bank of Israel director Karnit Flug. (Sharon Wrobel/Times of Israel)
May 27, 2025, 9:51 pm
S&P warns Israel’s credit rating at risk of downgrade amid judicial jitters, Gaza war
Rating agency official says institutional risk could impinge Israel’s rating; Central bank governor Yaron warns government over weakening the independence of state institutions
By Sharon Wrobel
Banking supervisor Daniel Hahiashvili speaks at a press conference in Tel Aviv on May 19, 2025. (Sharon Wrobel/Times of Israel)
May 19, 2025, 6:46 pm
Israeli regulator calls for more competition as large banks cash in on hefty loan fees
Banking supervisor seeks to remove barriers for the entry of non-bank entities that will provide credit and saving tools, force current lenders to offer better terms and services
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks at a press conference in Jerusalem, April 7, 2025. (Sharon Wrobel/ The Times of Israel)
April 7, 2025, 11:34 pm
Bank of Israel cuts growth prospects, holds rates, warns about Trump tariff effect
Central Bank head Amir Yaron says 17% US tariff on Israeli goods will reduce exports and moderate growth; bank also sees slower growth as Gaza war resumes
By Sharon Wrobel
Bank of Israel main offices in Jerusalem, on August 12, 2021. (Yonatan Sindel/Flash90)
February 24, 2025, 11:24 pm
Central bank holds borrowing costs steady, despite subdued growth, jumping inflation
Bank of Israel keeps interest rates steady at 4.5% citing geopolitical uncertainty, shekel volatility, and fiscal changes
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks during a press conference at the Bank of Israel in Jerusalem, on January 7, 2019. (Noam Revkin Fenton/Flash90)
May 27, 2024, 7:06 pm
Bank of Israel leaves lending rate at 4.5%, as inflation and war uncertainty ramp up
Central bank has kept rate steady since cutting it in January; says it expects the deficit to rise due to war costs, pushing the state to make budgetary cuts and raise taxes
By Sharon Wrobel
Ilustrative: Offices of Discount and Hapoalim banks in the center of Tel Aviv (Miriam Alster/ FLASH90)
February 14, 2024, 7:26 pm
After credit downgrade, Moody’s lowers deposit ratings of Israel’s five largest banks
Lower rating increases borrowing costs for banks, which in turn will likely be passed on to consumers and lead to higher lending rates
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks during a press conference at the Bank of Israel in Jerusalem, on January 7, 2019. (Noam Revkin Fenton/Flash90)
January 1, 2024, 9:34 pm
Amid ongoing war, Bank of Israel cuts borrowing costs for 1st time since April 2020
Governor urges government to make necessary budget adjustments to balance the increase in defense and civilian expenditures resulting from the campaign against Hamas
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks during a press conference at the Bank of Israel in Jerusalem, January 2, 2023. (Yonatan Sindel/Flash90)
May 22, 2023, 7:15 pm
As inflation persists, Bank of Israel hikes interest rates for 10th time, to 4.75%
Central bank lifts borrowing costs by 25 basis points, citing inflation above 5% and a tight labor market; sees signs of moderation in economic activity
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks during a press conference at the Bank of Israel in Jerusalem, January 2, 2023. (Yonatan Sindel/Flash90)
February 20, 2023, 6:47 pm
Battling inflation, Bank of Israel hikes interest rates to 4.25%, highest since 2008
Central bank lifts borrowing costs by 50 basis points citing inflation above 5%, shekel depreciation and concerns about fiscal expansion and wages
By Sharon Wrobel
Illustrative: View of the Bank Hapoalim offices in the center of Tel Aviv. August 4, 2015. (Miriam Alster/Flash90)
January 1, 2023, 7:18 pm
Bank Hapoalim to halt mortgage rate hikes for over 10,000 first-time homeowners
Israeli bank to freeze mortgage rates for borrowers facing repayment difficulty as the Bank of Israel is expected to raise interest rates again on Monday
By Sharon Wrobel
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