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At 16:00: Bank of Israel is expected to announce interest rate hike Israel today

2022-07-04T12:22:44.708Z


The interest rate is expected to rise by 0.5% to a level of 1.25% • Before the announcement: slight declines in the stock market, the shekel strengthens against the dollar


The Bank of Israel will announce today (Monday) the level of interest rates in the economy.

Most estimates suggest that the interest rate will rise by 0.5%, so that the interest rate will reach a level of 1.25% - its highest level in nine years.

This, after for years the interest rate in the economy was close to zero.

The announcement will be broadcast live on "Israel Today"

The stock market felt alert for the announcement of the interest rate.

The leading indices are trading in slight declines - the Tel Aviv 35 index is currently down 0.4%, and the Tel Aviv 125 index is down 0.3%.

The dollar weakened against the shekel by 0.6% and is currently trading at a level of 3.50 between the banks, after it reached trading at a level of NIS 3.55 last weekend.

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Source: israelhayom

All news articles on 2022-07-04

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