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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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The Composite State of the Economy Index for August increased by 0.06 percent
22/09/2022 | The Composite State of the Economy Index for August increased slightly, by 0.06 percent. As a result, the aggregate Composite Index for the part two quarters remained unchanged, which likely indicates slower growth than in the previous quarter.
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The Expected Rate of Inflation Derived from Various Sources (Periodic average, percent)
22/09/2022 | 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 public's financial assets portfolio in the second quarter of 2022
21/09/2022 | In the second quarter of 2022, the balance of the public’s financial assets portfolio declined by approximately NIS 162 billion (3.3 percent), to about NIS 4.83 trillion, further to the decline in the previous quarter.
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Israel’s International Investment Position (IIP), second quarter of 2022
21/09/2022 | In the second quarter of 2022, the balance of assets held abroad by Israeli residents declined by approximately $51 billion (about 8 percent), to about $636 billion at the end of June.
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Periodic report on the prices of common banking services for households in 2021
13/09/2022 | Today the Banking Supervision Department presented its periodic report on the prices of common banking services for households in 2021 to the Knesset Economics Committee.
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Remarks by Bank of Israel Governor Dr. Amir Yaron at the Bank of Israel’s conference on the reform to increase transparency in the mortgage market
08/09/2022 | Bank of Israel Governor Prof. Amir Yaron delivered remarks at a conference on the Bank of Israel’s reform to increase transparency in the mortgage market.
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The Bank of Israel held a conference today on the reform to increase transparency in the mortgage market
08/09/2022 | The Bank of Israel today held a conference for representatives of Association of Mortgage Advisors in order to present and discuss the reform to increase transparency in the mortgage market.
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Foreign Exchange Reserves at the Bank of Israel, August 2022
07/09/2022 | Israel’s foreign exchange reserves at the end of August 2022 stood at $192,151 million, a decrease of $5,318 million from their level at the end of the previous month. The level of the reserves relative to GDP was 37.2 percent
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Remarks by Supervisor of Banks Yair Avidan at the Institute of Certified Public Accountants conference – Challenges in a Changing Financial World
07/09/2022 | In a revolutionary competitive world, the banks have many advantages. Public trust in the banking system is its main asset, which must be conserved and cultivated over time
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Israel’s foreign currency market in the second quarter of 2022
06/09/2022 | During the course of the second quarter, the shekel weakened by approximately 10.2 percent against the US dollar, and by approximately 3.2 percent against the euro, continuing the recent trend.
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The Consumer Reform to Enhance the Transparency of Information to Bank Customers and to Improve the Competitive Environment in the Mortgage Market will go into Effect Tomorrow (31.8.22)
30/08/2022 | The Bank of Israel announces that the consumer reform to enhance the transparency of information to bank customers and to improve the competitive environment in the mortgage market will go into effect tomorrow.
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The Composite State of the Economy Index for July increased by 0.11 percent
23/08/2022 | The Composite State of the Economy Index for July increased slightly, by 0.11 percent. This increase is further to the increase in the second quarter, which showed continued growth in the economy, partly in view of the tight labor market.
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The Monetary Committee decides on August 22, 2022 to increase the interest rate by 0.75 percentage points to 2 percent
22/08/2022 | The Monetary Committee decides on August 22, 2022 to increase the interest rate by 0.75 percentage points to 2 percent
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Israel pays smart
16/08/2022 | The final milestone in the implementation of the EMV framework—to which all businesses were required to complete switching—as outlined by the Governor of the Bank of Israel , was completed in July 2022 with great success.
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The Governor of the Bank of Israel has established a search committee for the position of Director of the Bank of Israel’s Research Department
15/08/2022 | Governor of the Bank of Israel Prof. Amir Yaron has established a Search Committee for the position of Director of the Bank of Israel’s Research Department
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Financial Stability Report for the first half of 2022
10/08/2022 | The Bank of Israel’s Financial Stability Report is published twice a year. In this report, Bank of Israel economists analyze exposure to the main risks to the financial system, and assess potential risk scenarios.
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Declaration of the “EMV Ashrait Protocol” as a controlled payment system
09/08/2022 | The Governor of the Bank of Israel has declared the “EMV Ashrait Protocol” system, operated by the Association for Management of EMV Protocol Terminals in Israel, as a controlled system in accordance with the Payment Systems Law, 5768-2008.
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The Banking Supervision Department is expanding supervision of current account fees
09/08/2022 | The Banking Supervision Department is publishing a draft Supervision of Basic Current Account Fees Order for public comments for the public good and with the aim of freezing the existing price level
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Assessing the implications of the declines in the capital market for the stability of the Israeli high-tech sector
08/08/2022 | The Bank of Israel has published an analysis by economists in the Research Department assessing the implications of the declines in the capital market for the stability of the Israeli high-tech sector.
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Foreign Exchange Reserves at the Bank of Israel, July 2022
04/08/2022 | Israel’s foreign exchange reserves at the end of July 2022 stood at $197,841 million, an increase of $4,031 million from their level at the end of the previous month. The level of the reserves relative to GDP was 39.5 percent (Figure 1).
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New research: market timing in corporate bond repurchases
03/08/2022 | The research examines the impact of bond repurchases by public companies in Israel in 2008–20 on prices of the bonds.
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Changes in the management of the Banking Supervision Department
03/08/2022 | Given the tremendous importance of fresh ideas among the managers and employees of the Banking Supervision Department, two of the Department’s Deputy Supervisors will be switching positions.
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Prof. Michel Strawczynski, Director of the Bank of Israel Research Department and member of the Monetary Committee, will complete his term at the end of the year
31/07/2022 | Prof. Michel Strawczynski, Director of the Bank of Israel Research Department and member of the Bank of Israel Monetary Committee, notified the Bank of Israel Governor that he wishes to step down from his position on December 31, 2022
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The Banking Supervision Department publishes a supervisory policy document on AML/CFT
26/07/2022 | the Banking Supervision Department (BSD) today is publishing a document defining its roles and targets on the issue, and the manner in which the BSD will act to achieve its targets.
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The Inter-ministerial Team to Formulate a National Program to Increase Financial Inclusion Report
25/07/2022 | The joint team to formulate a national plan to enhance financial inclusion, headed by Deputy Governor of the Bank of Israel Mr. Andrew Abir and the Deputy Attorney General (for Civil Affairs) Adv
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The Composite State of the Economy Index for June increased by 0.05 percent
24/07/2022 | The Composite State of the Economy Index for June increased slightly, by 0.05 percent, such that there was a moderate increase in activity in the second quarter.
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