The recent raise in gasoline price stirred up the nation as many protested against the decision to raise prices to 8 NIS per liter. Eventually, Prime Minster Netanyahu intervened and cut back the raise so that the new 95-Octane Petrol price reached as of March, 1st 2012 reached 7.74 NIS ... Read More

Bank of Israel announced at the end of February it will leave the basic interest rate unchanged at 2.5% for March 2012. The last time Bank of Israel has reduced its basic interest rate was a month back in January 2012 when it reduced the rate by 0.25 percent points. ... Read More

According to a recent report of the Central Bureau of Statistics of Israel (CBS), Israel 's GDP in the second half 2011 expanded  by only 3.6% (year-o-year) which is a much slower pace than the growth rate of 5.3, which was recorded during the first half of 2011. The Israeli Gross ... Read More

According to the recent publication by Central Bureau of Statistics of Israel (CBS), the GDP of Israel continues to grow in 2011at a very similar rate to the grow rate of the GDP in 2010: This flash estimate is based of the performance of the Israeli economy during the first three ... Read More

Bank of Israel enjoyed for the appreciation of the NIS  during October as the Bank's reserves inclined by $545 million.   According to the recent press release by Bank of Israel, the Bank's foreign exchange reserves inclined during October by $545 million compared to September 2011; the total foreign exchange reserves ... Read More

Despite the expectations of many that the rate will remain unchanged, the Bank of Israel reported today it will cut the Israeli basic interest rate by 0.25 percent points so that the October interest rate will by 3%, compared to 3.25% in September 2011. The last time Bank of Israel ... Read More

Bank of Israel continues to increase its forex reserves on a steady basis; last month the Bank raised its reserves by $135 million.   According to the recent press release by Bank of Israel, the Bank's foreign exchange reserves rose during August by $135 million compared with July 2011; the total ... Read More

The American rating agency Standard and Poor's raised today Israel's credit rating from A/A-1 to A+/ A-1  while keeping its economic outlook at " stable". Standard and Poor's also reported that Israel's currency rating will remain at AA-/A-1+. This decision to raise Israel's credit rating was based on Standard and Poor's analysis ... Read More

According to the recent publication by Central Bureau of Statistics of Israel (CBS), the GDP of Israel continues to grow but at a slower pace: During the second quarter of 2011 the Israeli Gross Domestic Product grew by 3.3% in annual terms. This is a decrease in the growth rate from ... Read More

The Israeli inflation changed direction and declined by 0.3% for the first time since February 2010. This is a shift direction after the CPI rose by 0.4% in June 2011. In the recent Central Bureau of Statistics report regarding consumer prices changes, the Israeli inflation (CPI) declined by 0.3% during ... Read More