Bank of Israel launches surprise rate hike

David Vaaknin

The Bank of Israel implemented its first rate hike since 2011 today (November 26), in a move that caught markets off guard.

The monetary committee chose to raise the policy rate by 15 basis points to 0.25%, ending a period of extraordinarily low rates. The consensus forecast had been for rates to remain on hold at 0.1%.

Since incoming governor Amir Yaron is not due to take up the role until next month, interim governor Nadine Baudot-Trajtenberg presided over the meeting.

The central bank

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: