Bank of Israel Cuts Interest Rate to 3.5% for Second Consecutive Time
Translated & summarized from Ynet by baba
The Bank of Israel lowered its interest rate to 3.5%, marking the second consecutive cut in 2026, following positive inflation data.
The story in 5 lines · by baba
- Bank of Israel cut interest rate by 0.25% to 3.5%.
- This is the second consecutive rate cut in 2026.
- It is the third rate reduction since the start of 2026.
- The decision matched economists' expectations.
- The cut was influenced by favorable inflation statistics.
The Monetary Committee of the Bank of Israel has decided to reduce the national interest rate by 0.25%, bringing it down to 3.5%. This marks the second consecutive rate cut and the third reduction since the beginning of 2026. The decision aligns with economists' forecasts, which anticipated the rate decrease partly due to favorable inflation data. The move reflects the central bank's response to current economic conditions and inflation trends.
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