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Foreign Exchange Reserves at the Bank of Israel, November 2022
07/12/2022 | Israel’s foreign exchange reserves at the end of November 2022 stood at $194,414 million, an increase of $5,572 million from their level at the end of the previous month. The level of the reserves relative to GDP was 37.5 percent
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Israel’s foreign currency market in the third quarter of 2022
01/12/2022 | Mixed trend of the shekel alongside continued strengthening of the dollar worldwide.
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Remarks by Supervisor of Banks Yair Avidan on “The Effectiveness of Information in a Changing Supervisory Environment”
29/11/2022 | I am excited to open the Banking Supervision Department’s 2022 conference this morning. While this is my second year in attendance, this conference is a long-standing tradition for the Banking Supervision Department.
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Governor of the Bank of Israel Professor Amir Yaron addressed the Banking Supervision Department’s 2022 Conference on “The Effectiveness of Information in a Changing Supervisory Environment”
29/11/2022 | I would like first to commend the Banking Supervision Department on this conference, and the conference’s honored participants.
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Banking Supervision Department conference on “The New World of Financial Information”
29/11/2022 | The Banking Supervision Department conference on “The New World of Financial Information”, being held today
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The Composite State of the Economy Index increased by 0.17 percent in October, and the index readings for previous months were revised upward
28/11/2022 | The Composite State of the Economy Index increased moderately, by 0.17 percent, in October, further to increases in the Index in August and September. This data is indicative of the continuing growth in economic activity in recent months.
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The Banking Supervision Department invites the public to participate in unique activity to enhance financial awareness in Arab society
27/11/2022 | The Banking Supervision Department of the Bank of Israel, in collaboration with the Federation of Local Authorities in Israel
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Excerpt from Selected Research and Policy Analysis Notes: The Effect of the Single-Use Plastic Products Tax on Their Prices— Single-Use Cups as a Test Case.
27/11/2022 | Beginning on November 1, 2021, a tax has been imposed on single-use products made of plastic. A study conducted by the Bank of Israel examined the tax’s effect on the prices of one of the most common such products: single-use plastic cups.
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Increased frequency of Bank of Israel Makam auctions
24/11/2022 | Against the background of the high demand for purchasing central bank bills (known by their Hebrew acronym, Makam) in Bank of Israel auctions recently, the central bank bills will be issued twice monthly in the near future, until further notice.
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Bank of Israel Governor Prof. Amir Yaron Addresses the Annual Conference of the Ministry of Finance Wages and Employment Agreements Division
23/11/2022 | • With the formation of the new government, the majority of labor contracts in the public sector are expected to be renewed
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The Expected Rate of Inflation Derived from Various Sources (Periodic average, percent)
22/11/2022 | Inflation expectations derived from the capital market are defined as the ratio between the yields on unindexed government bonds and the yields on CPI-indexed government bonds (breakeven inflation).
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The Monetary Committee decides on November 21, 2022 to increase the interest rate by 0.5 percentage points to 3.25 percent
21/11/2022 | Inflation in Israel is above the upper bound of the target range, at 5.1 percent over the past 12 months. Inflation can be seen across the board in a wide range of CPI components.
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Initial analysis of trends in the purchase of sweetened beverages following the imposition of tax on them
17/11/2022 | The Bank of Israel’s Research Department conducted an examination of the changes in beverage purchases following the imposition of the tax.
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Banking Supervision Department Semi-Annual Review for the first half of 2022
16/11/2022 | The Bank of Israel today published the Semi-Annual Review of the Israeli Banking System for the first half of 2022
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Exapnded banking corporation disclosure to the public regarding their activity in the realm of environment, society, and governance (ESG)
15/11/2022 | Supervisor of Banks Yair Avidan: “The proposed revisions to directives, which are being published today, will lead to further improvement of the banking system’s disclosure to the public regarding climate risks and other environmental risks
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The Banking Supervision Department’s Survey of Consumer Enquiries for 2021, and a look at the first half of 2022
09/11/2022 | The Bank of Israel is today publishing the Banking Supervision Department’s Survey of Consumer Enquiries for 2021, which includes a look at the first half of 2022.
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Foreign Exchange Reserves at the Bank of Israel, October 2022
07/11/2022 | Israel’s foreign exchange reserves at the end of October 2022 stood at $188,842 million, an increase of $2,848 million from their level at the end of the previous month. The level of the reserves relative to GDP was 36.5 percent (Figure 1).
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Banking corporations’ engagement in the provision of services in cryptographic financial assets
07/11/2022 | In recent years we have seen increased activity in the area of cryptographic financial assets (hereinafter, “crypto”).
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The Bank of Israel held a conference highlighting the launch of the new ZAHAV (RTGS) payment system
07/11/2022 | The Bank of Israel has completed another milestone in its activity to advance innovation in the payments industry, as a critical technology infrastructure supplier
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Reform in bank fees for households and small businesses: The Banking Supervision Department issues for consultation a first draft of an update to the Fees Rules
06/11/2022 | The Banking Supervision department is planning a series of significant measures to benefit households and small businesses, with the aim of improving collection methods and enabling many more customers to benefit from lower fees.
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The Composite State of the Economy Index increased by 0.12 percent in September
02/11/2022 | The Composite State of the Economy Index increased moderately, by 0.12 percent, in September. Following the negative figure in July, it seems that activity again expanded in August and September.
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The Bank of Israel held a drill for the provision of essential banking services during an earthquake emergency
30/10/2022 | As part of a nationwide study and advanced training day on “Dealing with the Population During an Earthquake”, the Municipality of Holon established a “Population Assistance Center” (PAC).
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Allocation of a new identification code for a financial entity: Ofek Credit Union Ltd.
26/10/2022 | Financial system participants in Israel are identified by a two-character identification code that is unique for each entity (known today as a “bank code”).
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The Expected Rate of Inflation Derived from Various Sources (Periodic average, percent)
24/10/2022 | Inflation expectations derived from the capital market are defined as the ratio between the yields on unindexed government bonds and the yields on CPI-indexed government bonds (breakeven inflation).
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Bank of Israel Governor Prof. Amir Yaron travels to the annual conference of the International Monetary Fund and the World Bank in the US
19/10/2022 | Governor of the Bank of Israel Prof. Amir Yaron returned to Israel on Tuesday from his trip to the annual conference of the International Monetary Fund and the World Bank, which was held in the US.
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The Bank of Israel’s position regarding the separation of the Cal credit card company from Bank Discount
18/10/2022 | On June 10, 2021, the Bank of Israel established a steering committee to examine the issue of separating the Cal credit card company from Bank discount and to make recommendations to the Governor regarding the Bank of Israel’s position on the matter.
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Foreign Exchange Reserves at the Bank of Israel, September 2022
06/10/2022 | Israel’s foreign exchange reserves at the end of September 2022 stood at $185,997 million, a decrease of $6,154 million from their level at the end of the previous month. The level of the reserves relative to GDP was 36 percent
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The Bank of Israel Monetary Committee’s meeting with financial forecasters
06/10/2022 | Bank of Israel Governor Prof. Amir Yaron and members of the Bank of Israel Monetary Committee today held their quarterly meeting with the group
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Remarks by the Governor of the Bank of Israel at the press briefing on monetary policy held today at the Bank of Israel
03/10/2022 | Yesterday and today, the Monetary Committee held discussions at the Bank of Israel in order to decide on monetary policy.
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Research Department Staff Forecast, October 2022
03/10/2022 | This document presents the macroeconomic staff forecast formulated by the Bank of Israel Research Department in October 2022 concerning the main macroeconomic variables—GDP, inflation, and the interest rate.
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The Monetary Committee decides on October 3, 2022 to increase the interest rate by 0.75 percentage points to 2.75
03/10/2022 | Inflation in Israel is above the upper bound of the target range, at 4.6 percent over the past 12 months. Inflation is being recorded in a wide range of CPI components.
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Consumer-related transparency in a changing financial environment- Publication of the banking corporations’ interest rates- completion of the first stage
02/10/2022 | Supervisor of Banks Yair Avidan sent a letter to the banking corporations’ CEOs
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Debt Developments in the Nonfinancial Private Sector, Second Quarter of 2022
29/09/2022 | The balance of business sector debt continued to increase, by about NIS 56 billion (4.9 percent), mainly due to the shekel’s depreciation against the US dollar and net debt raised in all channels.
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Incremental measure opening Israeli payment systems to non-bank entities
28/09/2022 | The Bank of Israel and the Capital Market, Insurance and Savings Authority (CMISA) have agreed on a framework in which financial service providers that are supervised by the CMISA will be able to connect to designated payment systems in Israel.
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Central banks of Israel, Norway and Sweden team up with the BIS to explore retail CBDC for international payments
28/09/2022 | The Bank for International Settlements (BIS) and the central banks of Israel, Norway and Sweden are launching Project Icebreaker
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