Bank of Israel launched a new website in Arabic


by Ifi Reporter Category:Banking Apr 17, 2018

Bank of Israel Governor Karnit Flug visited Baka al-Garbiya and launched the Bank of Israel's new website in Arabic. The site in Arabic is parallel to the site in Hebrew, and contains a lot of information about the Israeli economy, activity and policy of the Bank, statistical information, reviews and economic analysis, information regarding currencies and bills in Israel and more.
In addition, you can find many information and tools in the area of ​​consumer banking: information about opening a bank account and the rights of the customer, how to compare the various fees, how to plan a budget wisely, use the bank's identity card, Information for customers whose accounts have been restricted, characteristics of various debit cards, locating of accounts without movement, electronic clearing of checks, in addition to tools and calculators essential for consumer use.

The Bank of Israel decided not to change the interest rate and leave it at a rate of 0.1%. The decision was made because there were no real changes in the economy.
The growth forecast for 2018 stands at 3.4% and the forecast for 2019 is 3.5%
According to the forecast, inflation in 2018 will be 1.1 percent, and in 2014 it will be 1.4 percent. The forecast expresses the assessment that inflation will rise moderately to the center of the target range. The main contribution is expected to derive from wage increases as a result of the close labor market. On the other hand, the continued increase in competition in the economy and the measures taken by the government to reduce the cost of living are expected to continue to moderate inflation. The Research Department estimates that the Bank of Israel interest rate will begin to rise in the fourth quarter of 2018, after the annual rate of inflation reaches the target range, and the expected inflation at the same time will also be found within it.
The forecast of the Research Department regarding inflation and interest in the coming year is higher than the average forecast of private forecasters, as well as expectations derived from the capital market. However, according to forecasters and the market there is also a certain probability of an increase in the interest rate during the coming year.



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Jaim Klein
Jaim Klein / Nov 2, 2021

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