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Governor v. Banks: We will look at sanctions if the abolition of the prime limit is not rolled out to customers

According to the Bank of Israel's announcement, mortgage rates did not fall in the way they had hoped with the abolition of the limit on the prime component about two weeks ago.

Last week, Prof. Amir Yaron instructed the Bank's professional staff to examine and formulate relevant policy measures, if the move is not rolled out as expected by the banks.

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• Prime interest

• Mortgage

Sonia Gorodisky

Tuesday, 02 February 2021, 16:29

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Construction site (Photo: Walla! NEWS system, Reuven Castro)

The Bank of Israel announced today (Tuesday) that so far, the abolition of the prime limit in the mortgage market, which came into effect two weeks ago, has not been good enough for consumers.

Last week, the Governor of the Bank of Israel, Prof. Amir Yaron, instructed the Bank's professional staff to examine and formulate relevant policy measures, if the move is not rolled out as expected by the banks in favor of mortgage borrowers.

More on Walla!

NEWS

The drama in the mortgage market: Who should wait and what should be checked?

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