Monthly report on programs the Bank of Israel is operating in the financial markets in view of the coronavirus crisis

 

The Bank of Israel operates several programs to deal with liquidity difficulties that have adversely impacted the financial system due to the coronavirus crisis, to ensure the proper functioning of the financial markets, to ease the terms of credit in the economy, and to support economic activity and financial stability.

 

Following is a monthly update on the balances in the programs that were put into operation, as of June 30, 2020:

 

 

Repo transactions with bonds as collateral[1]

Dollar-shekel swaps

Government bond purchases

Date announced by the Bank of Israel

March 15, 2020

March 18, 2020

March 23, 2020

Balance as of:

NIS billion

$ billion

NIS billion

March 31, 2020

5.5

7.5

8.5

April 30, 2020

1.8

7.5

13.2

May 31, 2020

1.6

6.8

19.2

June 30, 2020

1.5

4.5

23.4

 



[1] On April 6, 2020, the Bank of Israel broadened the repo tool to include corporate bonds as security, in addition to government bonds.  For more information, see the press release at

https://www.boi.org.il/en/NewsAndPublications/PressReleases/Pages/6-4-2020.aspx

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