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Israel Bank Keeps Interest Rate at 4%
SadaNews Economy Translation - The Monetary Committee of the Bank of Israel has kept the interest rate unchanged at 4%.
This decision comes after the committee had previously decided to lower the interest rate twice consecutively last January.
The decision by the Israeli central bank comes ami...
The Shekel Approaches Record Levels... The Market Awaits: When Will the Bank of Israel Int...
SadaNews Economics Translation - The Israeli shekel is approaching its highest level in four years against the dollar, having reached an exchange rate of 3.22. This represents an increase of more than 10% over the past year, which is considered a mitigating factor for inflation and reflects the stre...
Israel Decides to Extend Banking Relations with Palestinian Banks for Two Months
Exclusive to SadaNews - Informed sources confirmed to "SadaNews" that Israel has decided to extend banking relations with Palestinian banks for only two months, until 12/2/2026.
According to the same sources, Israeli correspondent banks have informed their Palestinian counterparts of th...
Israel Introduces Legislation to Prevent Holding Cash Amounts Exceeding 200,000 Shekels
SadaNews Translation - A study showing a close link between the use and possession of cash and crime globally has prompted the Israeli Knesset to introduce a bill prohibiting the possession of cash amounts exceeding 200,000 shekels as part of the budget legislation for the years 2023 and 2024; and n...
From Negative to Stable: S&P Adjusts Israel's Outlook
SadaNews - S&P Global Ratings has revised its outlook on Israel from "negative" to "stable" on Friday, November 7th. The agency indicated that the "military de-escalation" resulting from the ceasefire agreement between Israel and the Palestinian Hamas movement has m...