Bank of Israel launches surprise rate hike

Interim governor oversees first rate hike since 2011

bank-of-israel3
Photo: 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

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

Most read articles loading...

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

.