BOI headline rate of interest, interest rate central bank of Israel

Charts - historic BOI interest rates

Graph Israeli interest rate BOI - interest rates last year

Graph Israeli interest rate BOI - long-term graph

The current Israeli interest rate BOI (base rate) is 1.000 %

Bank of Israel (BOI)

The central bank of Israel is the Bank of Israel (BOI). Some of the main tasks of the Israeli central bank are:

• shaping the monetary policy;
• managing the national foreign currency reserves;
• taking care of the stability of financial markets;
• to act as a bank for the government;
• issuing the Shekel, the national currency.

The monetary policy of the BOI is focused on maintaining price stability which allows for a climate of sustainable economic growth. Price stability is reflected in inflation level objective. For an overview of current inflation in Israel, click here. To achieve this objective the Bank of Israel is determining the level of the short term interest rate.

Cash rate target

When reference is made to the Israeli interest rate this often refers to the Israeli headline rate of interest, or headline rate of interest. The headline rate of interest is a commercial benchmark for banks and is announced monthly. Changing the headline rate of interest, the Bank of Israel (BOI) is trying to influence the money market interest rate and general price level and therefore the inflation. Most of the time, changes to the headline rate of interest do affect the interest rates of mortgages, loans and savings accounts directly. 

This page shows the current and historic values of the BOI headline rate of interest.

For a summary of the current interest rates of a large number of central banks please click here.

Tables - current and historic interest rates of the central bank of Israel

BOI latest interest rate changes  change date percentage  september 23 2013 1.000 %  may 27 2013 1.250 %  may 13 2013 1.500 %  december 24 2012 1.750 %  october 29 2012 2.000 %  june 25 2012 2.250 %  january 23 2012 2.500 %  november 28 2011 2.750 %  september 26 2011 3.000 %  may 23 2011 3.250 %

Summary of other central banks’ interest rates  central bank interest rate region percentage date  FED interest rate United States 0.250 % 12-16-2008  RBA interest rate Australia 2.500 % 08-06-2013  BACEN interest rate Brazil 10.500 % 01-15-2014  BoE interest rate Great Britain 0.500 % 03-05-2009  BOC interest rate Canada 1.000 % 09-08-2010  PBC interest rate China 6.000 % 07-06-2012  ECB interest rate Europe 0.250 % 11-07-2013  BoJ interest rate Japan 0.100 % 10-05-2010  CBR interest rate Russia 8.250 % 09-14-2012  SARB interest rate South Africa 5.000 % 07-19-2012

In order to be able to show the data on this page, we make use of a large number of sources of information that we believe to be reliable. For more information and our disclaimer, click here.