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Israel Bank Removes Restriction on Prime-Rate Mortgages

Also, officials at the Bank of Israel noted that next year should see a reduction in the early repayment fees.

Minister Litzman Contracted COVID-19, Gerrer Rebbe, Belzer Rebbe, Mossad Chief Quarantined

It looks like Yaakov Litzman has functioned as the Typhoid Miriam of this pandemic, sending to quarantine many in Israel's political and communications leadership.

Israel Is Shutting Down as 178th Coronavirus Patient Enters Quarantine

high-tech companies in Israel expressed concern that their broadband service would fail due to an unusual volume of data traffic, leading to the suspension of their activity.

Israel Allocates NIS 10 B. to Head Off Corona-Generated Financial Crisis

The government announced Sunday that anyone arriving in Israel from abroad will have to self-quarantine, and only foreigners who can prove they have a place to self-quarantine will be admitted into the country.

First Israeli Nonprofit Bank to Provide Life-Changing Loans as a ‘National Mission’

"We are here to help those enterprises and people who are not appealing for the financial system."

Israel’s Foreign Exchange Reserves Swell

Israel’s foreign currency reserves rose nearly 10% from $115.279 billion to $126.023 billion in 2019.

Bank of Israel Keeps Interest Rate Unchanged at 0.25%

"It will be necessary to leave the interest rate at its current level for a prolonged period ... so the economy will continue to grow."

Bank of Israel Exposes Trade in Illegal Work Permits for PA Arabs

The work permits of 20,000 PA Arab workers, 30% of PA Arab laborers employed under permits in Israel, were purchased illegally for an average monthly payment of about NIS 2,000

Bank of Israel Approves New Digital Bank, Ending 50 Years of No New Banks

The last time Israel has seen the establishment of brand new bank, as opposed to the purchase of an existing bank, was almost fifty years ago, in 1970.

S&P Ratifies Israel’s Credit Rating at AA- with Stable Outlook

The company estimates that one of the key goals the new government will pursue is fiscal discipline . . . that includes reducing spending as well.

Israeli Monetary Policy Report for First Half of 2019: Strong Shekel, Higher Housing Prices,...

In the period reviewed, the Bank of Israel bought only a small amount of foreign exchange—$86 million, compared to billions of dollars it purchased in previous years.

Former Central Bank Chiefs Inaugurate TAU’s Zuckerman Institute for Global Economics

“We will try in this institute to bring the best — not only in theoretical studies, which are extremely important, but also in applicable studies to specify and articulate what it takes for the economy to be successful and prosperous.”

Bank of Israel Keeps Interest Rate Unchanged at 0.25%

In the year to date, the shekel has strengthened by six percent, increasing in value by 1.2 percent since last month.

Bank of Israel Keeps Interest Rate Unchanged at 0.25 Percent

Since the last interest rate decision, the shekel strengthened by 1.2 percent in terms of the nominal effective exchange rate.

Bank of Israel Research Shows More Jobs Are Accessible Via Private Transportation

It was found that convenient access to train service (both in terms of proximity to home locality and proximity to place of work) increases the use of trains among high income and private vehicle owners as well.

Report: Intel to Invest $11 Billion in Israeli Chip Plant

Intel's management has been playing coy about the deal, claiming the deal is still open and the plant could be based in Ireland, the US or Israel.

Bank of Israel Keeps Rate Unchanged at 0.25%

The Monetary Committee has also cut the GDP growth forecast for 2019 from 3.6 percent to 3.4 percent.

Israel’s Monetary Committee Keeping Interest Rate at 0.25%

In the past six months, the annual inflation rate has ranged between 1.2% and 1.4%. In the coming months, inflation is expected to range around the lower bound of the target.

New Bank of Israel Governor: I Will Use Interest Rates To Direct Monetary Policy

"The current inflation target, within which the Bank of Israel operates, is a range of 1–3 percent per year."

Bank of Israel Raises Interest Rate, First Time Since 2011

The Bank raised the interest rate from 0.1 percent to 0.25 percent as inflation remained within its target of one to three percent.

American-Israeli Professor Appointed Governor of Bank of Israel

Prime Minister Netanyahu has shown a clear preference for American trained economists.

Bank of Israel Keeps Interest Rate Unchanged at 0.1%

GDP is expected to grow by 3.7 percent in 2018 and by 3.6 percent in 2019.

Shari Arison to Sell Bank Ha’Poalim Controlling Shares

Last month, Shari Arison was questioned for nine hours by Israel Police on suspicion of her involvement in bribery, and was forbidden to leave the country.

Bank of Israel Keeps Lending Rate Unchanged

The economists at the Bank hinted there may be a rise in the interest rate after the start of the new year.

Bank of Israel Governor Won’t Run for Next Term over Finance Minister’s Shenanigans

Flug accuses the Finance Minister of sheer populism: Mechir Lemishtaken costs the public coffers billions of dollars and creates harmful distortions to both the subsidized and free housing market.

BOI Governor: Israeli Economy In Good Shape, But Structural Weaknesses Must Be Dealt With

Bank of Israel Governor Karnit Flug warned that the government must avoid short-term thinking and take advantage of the good times to adopt long-term reforms.

Bank of Israel: Genius Finance Minister Killing Home Construction, Raising Rents

Back in August 2017, after the High Court of Justice had revoked his tax on buying a third apartment, Finance Minister Moshe Kahlon expressed deep disappointment and vowed: "We will continue to fight against the investors."

Bank of Israel: Local Economy Strong But Israel Must Reduce Inequality

"Achievements in the overall education system should be improved, and gaps in achievements between students from various population groups and socioeconomic and geographic backgrounds should be reduced."

Bank of Israel Keeps Interest Rate Unchanged for March

Since the last interest rate decision the shekel has weakened by 3.1 percent in terms of the effective exchange rate, and by 1.6 percent against the dollar.

Bank of Israel Buys US Dollars to Stabilize Trade With Strong Shekel

On Tuesday, the Bank of Israel tried to slow things down a bit by purchasing more than $400 million, not for the first time.

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