Monthly central bank interest rate in Israel 1994-2024

Published by Statista Research Department, Oct 30, 2024

As of May 2024, the Bank of Israel's declared interest rate was 4.5 percent. This was following the Bank's decision to reduce its declared rate by one quarter of a point in January 2024. Between April 2022 and December 2023, the country went through a period of rate hikes in an effort to curb inflation. During the observed period, interest rates in Israel peaked at 17 percent in December 1994 and July 1996. Following the global financial crisis between 2008 and 2011, rates were reduced to near-zero levels until March 2022.

Monthly Bank of Israel declared interest rate from January 1994 to May 2024

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Release date

June 2024

Region

Israel, MENA

Survey time period

January 1994 to May 2024

Supplementary notes

Release date is the date of access.
Figures as of the end of each month.

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