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News
Ahead of Rosh Hashanah, retail chains report weaker-than-usual customer traffic
1+ hour, 4+ min ago (442+ words) A price comparison conducted by the Institute for Retail Research, which examined 52 products across eight chains, reveals that while there is no sweeping price increase across the overall basket, very sharp price hikes were recorded for several products that star…...
'Taxes will need to be raised': Bank of Israel Governor's warning after rate cut
1+ week, 28+ min ago (543+ words) The Monetary Committee of the Bank of Israel, headed by Governor Prof. Amir Yaron, has announced a 0.25% reduction in the benchmark interest rate, bringing it to 3.25% annually. The decision surprised the markets, as most analysts were certain the rate would…...
Iran???s economy is deteriorating fast. Will it force Tehran to compromise?
1+ week, 16+ hour ago (898+ words) Images emerging from Iran in recent days showing vehicles waiting in long lines to refuel are another indication of the severe economic crisis facing the country – one of the most serious Iran has experienced in decades. The rial has continued…...
Bank of Israel cuts rates for second time in Q3, cites inflation, GDP growth
1+ week, 19+ hour ago (606+ words) The Bank of Israel (BoI)'s Monetary Committee cut the interest rate by 0.25% to 3.25% on Tuesday. This comes amid a backdrop of the relatively moderated inflation rate and rapidly growing gross domestic product (GDP) in recent months and constitutes the…...
Mekorot reports higher 2nd quarter profit, but regulatory changes weigh
3+ week, 22+ hour ago (466+ words) Israel’s national water company Mekorot reported a sharp increase in net profit in the second quarter of 2026, although results for the first half of the year continued to reflect the impact of regulatory changes that took effect at the beginning…...
Bank of Israel, IDF launch financial education program for soldiers in need
3+ week, 4+ day ago (444+ words) IDF soldiers facing financial difficulties will receive personal financial guidance as part of a joint initiative by the Bank of Israel, the Class Actions Fund, and the IDF Manpower Directorate, the military announced on Friday. The Bank of Israel hosted…...
Summer demand pushes consumer prices up, including rent, transportation costs
3+ week, 4+ day ago (559+ words) Israel’s Consumer Price Index rose 0.3% in July compared with June, largely due to seasonal summer demand and higher transportation and leisure costs, while housing expenses continued to climb. Annual inflation stood at 1.5%. Among the index's main components, transportation prices rose…...
Bank Hapoalim to open financial education 'city' for kids at Tel Aviv Port
4+ week, 2+ day ago (473+ words) Bank Hapoalim will open a temporary financial education complex for children at Tel Aviv Port later this month, offering families a series of free activities designed to teach children about earning, spending, budgeting, and consumer choices. The “Poalim Junior City…...
July spending record: Daily average reached NIS 1.771 Billion
1+ mon, 2+ day ago (574+ words) The start of the summer vacation in July 2026 led to an additional surge in Israeli public spending via charge cards, reaching a record amount for a calendar month of NIS 54.857 billion. This is according to data from Shva (Automated Banking…...
How much does August cost for a family with three children?
1+ mon, 4+ day ago (442+ words) The summer vacation is supposed to be the time when children slow down. For parents, especially when three children are involved, the exact opposite usually happens. Summer camps start, shopping increases, the air conditioner works overtime, and every outing from…...