Recent comments by government representatives and selection process of judicial panel bring some confidence back to Israeli markets erasing most of the losses of the past two weeks

International economic organization slightly lowers Israeli GDP forecast to 2.9% in 2023 and 3.3% in 2024, notes underperformance of shekel and local stock market

Bank of Israel head urges local banks to improve services by actively offering interest-bearing deposits to their customers

Continued shekel weakness is expected to make imported goods, including food and travel abroad, more expensive; economists see borrowing costs rising to 5% in coming months

Net interest income jumps 36% to NIS 3.9 billion in the first quarter of 2023 from last year's Q1; bank announces dividend, share buyback

Central bank lifts borrowing costs by 25 basis points, citing inflation above 5% and a tight labor market; sees signs of moderation in economic activity

Net profit surges 21.3%, prompting bank to raise dividend payout 10 percentage points to 40% of quarterly profit as it benefits from steady interest rate hikes over past year

Yisrael Eichler says government power rests in hands of deep state and bureaucrats, who he compares to Russia's Putin; blasts failure of interest rate hikes to bring down inflation

Rise of more than double what was forecast sets up Bank of Israel for another interest rate hike next week, as central bank battles inflationary pressure, economists say

In ToI interview, Eli Cohen talks up Israel’s recent diplomatic achievements, defends Azerbaijan arms sales, and says he wants another year in office despite deal with Israel Katz