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Israel Interest Rate

Israel's interest rate held steady at 4.5% in September 2025, unchanged from August 2025. This decision reflects persistent inflation concerns, a tight labor market and geopolitical uncertainties. The Bank of Israel maintains a cautious monetary policy. Israel's record low interest rate was 0.1% in February 2015 and record high was 8.7% in March 2003.

Historical Data (2003-2025)

(in %)
Date Interest Rate
Sep 29, 2025 4.5%
Aug 20, 2025 4.5%
Jul 07, 2025 4.5%
May 26, 2025 4.5%
Apr 07, 2025 4.5%
Feb 24, 2025 4.5%
Jan 06, 2025 4.5%
Nov 25, 2024 4.5%
Oct 09, 2024 4.5%
Aug 28, 2024 4.5%
Jul 08, 2024 4.5%
May 27, 2024 4.5%
Apr 08, 2024 4.5%
Feb 26, 2024 4.5%
Dec 31, 2023 4.75%
Nov 27, 2023 4.75%
Oct 23, 2023 4.75%
Sep 04, 2023 4.75%
Jul 10, 2023 4.75%
May 22, 2023 4.75%
Apr 03, 2023 4.5%
Feb 20, 2023 4.25%
Jan 02, 2023 3.75%
Nov 21, 2022 3.25%
Oct 03, 2022 2.75%
Aug 22, 2022 2%
Jul 04, 2022 1.25%
May 23, 2022 0.75%
Apr 11, 2022 0.35%
Feb 21, 2022 0.1%
Jan 03, 2022 0.1%
Nov 22, 2021 0.1%
Oct 07, 2021 0.1%
Aug 23, 2021 0.1%
Jul 05, 2021 0.1%
May 31, 2021 0.1%
Apr 19, 2021 0.1%
Feb 22, 2021 0.1%
Jan 04, 2021 0.1%
Nov 30, 2020 0.1%
Oct 22, 2020 0.1%
Aug 24, 2020 0.1%
Jul 06, 2020 0.1%
May 25, 2020 0.1%
Apr 06, 2020 0.1%
Feb 24, 2020 0.25%
Jan 09, 2020 0.25%
Nov 25, 2019 0.25%
Oct 07, 2019 0.25%
Aug 28, 2019 0.25%
Jul 08, 2019 0.25%
May 20, 2019 0.25%
Apr 08, 2019 0.25%
Feb 25, 2019 0.25%
Jan 07, 2019 0.25%
Nov 27, 2018 0.25%
Oct 19, 2018 0.1%
Aug 29, 2018 0.1%
Jul 09, 2018 0.1%
May 28, 2018 0.1%
Apr 16, 2018 0.1%
Feb 26, 2018 0.1%
Jan 10, 2018 0.1%
Nov 27, 2017 0.1%
Oct 19, 2017 0.1%
Aug 29, 2017 0.1%
Jul 10, 2017 0.1%
May 29, 2017 0.1%
Apr 06, 2017 0.1%
Feb 27, 2017 0.1%
Jan 23, 2017 0.1%
Nov 28, 2016 0.1%
Oct 23, 2016 0.1%
Aug 29, 2016 0.1%
Jul 25, 2016 0.1%
Jun 27, 2016 0.1%
May 23, 2016 0.1%
Apr 27, 2016 0.1%
Mar 23, 2016 0.1%
Jan 25, 2016 0.1%
Dec 28, 2015 0.1%
Nov 23, 2015 0.1%
Sep 27, 2015 0.1%
Aug 24, 2015 0.1%
Feb 23, 2015 0.1%
Aug 25, 2014 0.25%
Jul 28, 2014 0.5%
Feb 24, 2014 0.75%
Sep 23, 2013 1%
May 27, 2013 1.25%
May 13, 2013 1.5%
Dec 24, 2012 1.75%
Oct 29, 2012 2%
Jun 25, 2012 2.25%
Jan 23, 2012 2.5%
Nov 28, 2011 2.75%
Sep 26, 2011 3%
May 23, 2011 3.25%
Mar 28, 2011 3%
Feb 21, 2011 2.5%
Jan 24, 2011 2.25%
Sep 27, 2010 2%
Jul 26, 2010 1.75%
Mar 28, 2010 1.5%
Dec 28, 2009 1.25%
Nov 23, 2009 1%
Aug 24, 2009 0.75%
Apr 27, 2009 0.75%
Mar 23, 2009 0.5%
Jan 26, 2009 1%
Dec 29, 2008 1.75%
Nov 24, 2008 2.5%
Oct 27, 2008 3.27%
Sep 22, 2008 3.99%
Jul 28, 2008 4%
Jun 23, 2008 3.75%
May 26, 2008 3.5%
Mar 24, 2008 3.25%
Feb 25, 2008 3.75%
Dec 24, 2007 4.25%
Aug 27, 2007 4%
Jul 23, 2007 3.75%
May 28, 2007 3.5%
Apr 22, 2007 3.75%
Feb 26, 2007 4%
Jan 29, 2007 4.25%
Dec 25, 2006 4.5%
Nov 27, 2006 5%
Oct 23, 2006 5.25%
Jul 24, 2006 5.5%
Apr 24, 2006 5.25%
Mar 27, 2006 5%
Jan 23, 2006 4.75%
Nov 28, 2005 4.5%
Oct 24, 2005 4%
Sep 26, 2005 3.75%
Jan 24, 2005 3.5%
Dec 27, 2004 3.7%
Nov 22, 2004 3.9%
Mar 29, 2004 4.1%
Feb 23, 2004 4.3%
Dec 29, 2003 4.8%
Nov 24, 2003 5.2%
Oct 27, 2003 5.6%
Sep 22, 2003 6.1%
Jul 28, 2003 7%
Jun 23, 2003 7.5%
Apr 28, 2003 8.4%
Mar 24, 2003 8.7%

Recent Events

datetime event actual previous consensus
2025-09-29 09:00 AM Interest Rate Decision 4.5% 4.5% 4.5%
2025-08-20 09:00 AM Interest Rate Decision 4.5% 4.5% -

Next Release Date :

Israel Interest Rate : Definition
The Interest Rate set by the Bank of Israel is the benchmark cost of borrowing in the economy. It influences lending, spending, investment, inflation, and overall financial stability.
Indicator Last Value Prior Value Period
Current Account to GDP Ratio 3.2% 3.7% Dec'24
Debt to GDP Ratio 69% 61.3% Dec'24
Private Credit (% GDP) 69.55% 70.14% 2023