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Israel's Interest-Rate Cycle

10 storiesEarliest Jan 5, 2026Latest Oct 21, 2026

Where it stands

The Bank of Israel cut its benchmark rate to 3.5% in July and 3.25% in September as inflation moderated. September consumer prices fell 0.5%, with annual inflation at 1.6%. On October 21 the bank held rates steady, warning that additional defense spending without budget offsets could increase inflation.

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