The Governor of the Bank of Israel, Prof. Amir Yaron, decided to update the interest rate in the economy by 0.4% and to set it at 0.75%. This is the second consecutive interest rate update carried out by the Bank of Israel, following a 0.25% update in April.

Although this update, although high compared to expectations and the previous update, is still relatively low, especially compared to many countries, especially the US and UK, it should be borne in mind that inflation in Israel (4% in the last year) is outside the upper limit of the government target. Still, Israel is relatively low compared to most OECD countries.