Bank of Israel
The complex art of reserve management
Lockdown represents another inflection point for central banks managing $12 trillion in FX reserves
Israel holds as exchange rate hampers exports and inflation target
Central bank left rates unchanged at 0.1%; government bond purchases support financial stability
Bank of Israel reserves rise by 5.6% in April
Government transfers from abroad boost central bank’s reserves portfolio by almost $6.5 billion
Israeli reserves fall sharply on dollar liquidity provision
Central bank’s portfolio decreases by $5.1 billion in March
Bank of Israel launches targeted lending operations
Central bank offers cheap loans to banks as part of Covid-19 response package
ECB asks eurozone banks to stop dividends
Bank of Israel also asks banks to reassess the distribution of dividends
Bank of Israel to buy $13bn in government bonds
Central bank also supplying $15bn to banking sector to meet “very high” demand
Dollar crunch eases as central banks step up swaps action
Core swap recipients will offer daily dollar auctions; cross-currency basis narrows
Bank of Israel unveils actions to boost market function
Repo operations and asset purchases designed to tackle high volatility
People: Nigeria and Latvia gain deputy governors
Bank of Israel says new bank supervisor will encourage technological innovation
People: Bank of Israel appoints monetary committee member
Michel Strawczynski joins Bank of Israel six-member body; World Bank has a new managing director of development policy and partnerships; South African Mint appoints new managing director
People: Israeli governor nominates Andrew Abir as deputy governor
Former Sarb deputy governor appointed chief executive of Absa financial group; and more
Bank of Israel reserves rose 9.3% in 2019
Higher equity prices rewarded central bank’s decision to increase its exposure to stocks
Bank of Israel digs in for long fight against strong shekel
Central bank has “plenty of patience”, says monetary policy-maker
Bank of Israel proposes open banking rules to foster competition
Banks and credit card companies to allow supervised third parties access to their customers’ accounts
Bank of Israel tells banks to close as rocket attacks continue
Supervisors mandate “emergency procedures” as clashes escalate in the Gaza Strip
Israeli reserves see strong growth in October
Total international reserves now worth 32.2% of GDP, boosted by equity investments
Bank of Israel’s communication more accessible than Fed’s and ECB’s – research
In August, the central bank issued a special statement correcting forward guidance on lower inflation
Bank of Israel creates centre to boost fintech
Central bank and finance ministry push for more innovation as first digital lender opens
Bank of Israel holds rate in divided policy meeting
Central bank willing to cut rates in future to boost below-target inflation
Bank of Israel grants digital bank licence
Israel joins growing list of jurisdictions permitting online-only financial services
Bank of Israel proposes measures to stabilise social security system
Benefit payments set to rise faster than GDP in the coming decades, warns central bank
How data is driving a counter-revolution in cash
Central Banking’s new Leaders in Currency Services survey reveals which producers are ranked
Bank of Israel research derives growth estimate from survey data
Researchers construct real-time indicator that can be produced earlier than nowcasts