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inflation

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
Traders work on the floor of the New York Stock Exchange (NYSE), July 9, 2026, in New York City. (Spencer Platt/Getty Images/AFP)
July 20, 2026, 2:08 pm
Oil prices ease after Iran says US contacts continue through mediators
Crude scales back gains after reaching $91 a barrel, as Tehran says diplomatic exchanges remain active despite escalating conflict; US gas prices cross $4 mark
By Agencies
Bank of Israel Governor Amir Yaron speaks at a press conference in Jerusalem, April 7, 2025. (Sharon Wrobel/ The Times of Israel)
July 6, 2026, 8:12 pm
Central bank trims borrowing costs to 2022 low, sees room for further rate cuts
Finance minister and manufacturers criticize Bank of Israel’s 0.25% rate cut to 3.5% as insufficient, say it doesn’t reflect the needs of businesses and households
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
Illustrative: A woman carries her shopping near Talpiot Market in Haifa on August 4, 2024. (Canaan Lidor/Times of Israel)
February 23, 2026, 8:23 pm
Bank of Israel holds interest rates amid concerns over Iran escalation
Finance minister, manufacturers slam central bank for hesitating to lower borrowing costs for households and businesses with inflation slowing and the shekel strong
By Sharon Wrobel
Shoppers walk in the rain at the Mahane Yehuda Market in Jerusalem, January 18, 2026. (Yonatan Sindel/Flash90)
January 23, 2026, 5:59 am
Mighty shekel could boost shoppers and travelers, but many will miss out on bonanza
Though the shekel is trading at its highest level in years, retailers might not pass the gains to consumers, and manufacturers and others working in dollars are likely to feel the pain
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)
January 5, 2026, 7:49 pm
In bold move, central bank cuts interest rates for 2nd straight time after ceasefire
Bank of Israel lowers rates to 4%, citing a moderation in inflation, a strong shekel, and growing labor market participation following the ceasefire agreement with Hamas
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
Construction in Ramat Gan, December 10, 2024 (Yossi Aloni FLASH90)
March 16, 2025, 2:51 pm
Israeli housing prices soar while pace of inflation slows, February data shows
Consumer Price Index remains unchanged but consumers feel the pinch as price of fresh fruit up by 10.5%, rent by 0.3%; however costs of vegetables dip by 7.1% and clothes by 3%
By ToI Staff
Iranian Finance Minister Abdolnasser Hemmati speaks during an open session of parliament for his impeachment, in Tehran, Iran, March 2, 2025. (AP Photo/Vahid Salemi)
March 2, 2025, 5:26 pm
Iranian finance minister fired amid spiraling economic crisis
Dismissal comes as rial nears historic lows, inflation soars, and US sanctions tighten; president defends minister Hemmati, says problems cannot be blamed ‘all on one person’
By Agencies
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
Buying vegetables at an Osher Ad store in Jerusalem, August 12 2021 (Sue Surkes/Times of Israel)
February 14, 2025, 4:57 pm
Israeli inflation jumps to 3.8% in January as VAT and utility costs rise
Consumer prices also increased last month as government tax hikes came into effect, upping the costs of food and other goods
By Sharon Wrobel
Bank of Israel governor Amir Yaron speaks at a press conference in Jerusalem, April 8, 2024. (Sharon Wrobel/Times of Israel)
January 6, 2025, 8:19 pm
Central bank sees economy improving but warns of continued geopolitical uncertainty
Bank of Israel holds interest rates at 4.5%, citing rising inflation following January tax hikes, including VAT; governor warns lawmakers against making changes to the 2025 budget
By Sharon Wrobel
Construction works on new housing in the southern Israeli city of Kiryat Gat, July 29, 2024. (Yossi Aloni/Flash90)
September 15, 2024, 9:49 pm
Israeli inflation picks up more than forecast as travel costs and home prices soar
Consumer prices accelerated to 3.6% in August, the highest level since October, reducing the odds that the central bank will cut high borrowing costs in the coming months
By Sharon Wrobel
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