The Bank of Israel reported yesterday it will leave the Israeli basic interest rate unchanged at 3.25% for September 2011. The last time Bank of Israel raised its basic interest rate was back in June 2011 by 0.25 percent points. During 2011, Bank of Israel raised the Israeli interest rate ... Read More

The American rating agency Standard and Poor's kept Israel's credit rating unchanged at A/A- with a stable outlook; this was after the rating agency downgraded US's credit rating from AAA to AA+ by the end of last week.  Standard and Poor's reported that in line with the recent US credit ... Read More

The Central Bureau of Statistics of Israel published the prices of the Israeli dwelling of the first quarter of 2011.   According to the report, the average apartment prices stood at 1,047 thousand NIS in the first quarter of 2011, a 5.2% decrease compared to Q42010. This was the first drop in ... Read More

Does the real estate sector in Israel slowing down? According to a recent publication by the State Revenue Administration, there was a drop of 12% in number of transactions during the first quarter 2011 compared with the first quarter 2010. The sector that led this fall was the investors' sector with ... Read More

Bank of Israel has updated for the second time this year its forecast on the economic growth of Israel in 2011 and 2012. According to the updated report, the forecast of the Israeli GDP will incline in 2011 by 5.2% (Y-2-Y) compared with 2010. The former Israeli GDP growth rate ... Read More

Thinking of taking a mortgage to buy a house in Israel? Think again, because Stanly Fisher, the chairman of Bank of Israel, remains determined to fight the rising real estate prices in Israel. After Bank of Israel raised the basic interest rate for three times during 2011, the Central Bank is ... Read More

Today the Ministry of Finance published that there are some indicators that the real estate market is cooling down as its prices declined during February. According to the Central Bureau of Statistics of Israel there was a decline of 1.7% in number of new apartments sold during February 2011 (accounting ... Read More

Here is a summary for the main changes in the Israeli financial markets during last week from April 3rd up to April 7th (unless stated otherwise); all percent changes are from beginning to end of week. Tel Aviv 25 moderately declined during last week by 1.06% as it closed the week ... Read More

Here is a summary for the main changes in the Israel financial markets during last week from 27th of March up to March 31st (unless stated otherwise); all percent changes are from beginning to end of week. Bank of Israel decided to raise its basic interest rate by a 0.5 percent ... Read More

The social workers strike has ended today, Tuesday March 29th after the social workers have been striking for the past 23 days. They have returned to their work because they have feared that the Labor Court might have issued restraining orders that would have compelled the Social workers to return to ... Read More