Housing debt increases on the back of reforms – Israel annual report

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The mix of credit taken out by households in Israel changed in 2018, according to data from the central bank’s latest annual report.

According to the report, published on March 31, as the growth rate of non-housing credit “declined markedly”, the growth rate of housing debt “accelerated”.

“In the background of this change, there were regulatory leniencies in housing credit that enabled its growth, alongside measures to moderate the increase of non-housing credit,” the report said.

Over the

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