The benchmark interest rate in Israel was last recorded at 4.50 percent. This dataset provides - Israel Interest Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

As of January 2025, the Bank of Israel's declared interest rate was 4.5 percent. This was following the Bank's decision to reduce its declared rate by one quarter of a point in January 2024. Between April 2022 and December 2023, the country went through a period of rate hikes in an effort to curb inflation. During the observed period, interest rates in Israel peaked at 17 percent in December 1994 and July 1996. Following the global financial crisis between 2008 and 2011, rates were reduced to near-zero levels until March 2022.

Key information about Israel Long Term Interest Rate

• Israel Yield to Maturity: Govt Securities: CPI Indexed Bond Rate: 10 Years: Average was reported at 1.99 % pa in Jan 2025, compared with 1.94 % pa in the previous month.
• Israel Long Term Interest Rate data is updated monthly, available from Feb 1994 to Jan 2025.
• The data reached an all-time high of 5.87 % pa in Jan 2003 and a record low of -1.29 % pa in Dec 2021.
• Long Term Interest Rate is reported by reported by Bank of Israel.

This item has been calculated as a weighted average of all yields, (weighted by par value), which are traded with a term to maturity of a half-year before/after the reported period. The reason for the lack of observations for some periods is that the term to maturity becomes shorter as time progresses, and there were no new issues for the calculated term to maturity.


Related information about Israel Long Term Interest Rate

• In the latest reports, Israel Short Term Interest Rate: Month End: TELBOR: 3 Months was reported at 4.50 % pa in Jan 2025.
• The cash rate (Headline Policy Rate: Month End) was set at 4.50 % pa in Jan 2025.
• Israel Exchange Rate against USD averaged 3.64 (USD/ILS) in Jun 2023.

Key information about Israel Short Term Interest Rate

• Israel Short Term Interest Rate: Month End: TELBOR: 3 Months was reported at 4.50 % pa in Feb 2025, compared with 4.50 % pa in the previous month.
• Israel Short Term Interest Rate data is updated monthly, available from Mar 2007 to Feb 2025.
• The data reached an all-time high of 4.87 % pa in Sep 2023 and a record low of 0.07 % pa in Apr 2015.
• Short Term Interest Rate is reported by reported by Bank of Israel.

Related information about Israel Short Term Interest Rate

• In the latest reports, Israel Yield to Maturity: Govt Securities: CPI Indexed Bond Rate: 10 Years: Average was reported at 1.99 % pa in Jan 2025.
• The cash rate (Headline Policy Rate: Month End) was set at 4.50 % pa in Feb 2025.
• Israel Exchange Rate against USD averaged 3.64 (USD/ILS) in Jun 2023.

Deposit Interest Rate in Israel decreased to 4.60 percent in January from 4.86 percent in December of 2023. This dataset includes a chart with historical data for Deposit Interest Rate in Israel.

As of November 2024, Bank of Jerusalem in Israel offered the highest average interest rate on loans among retail banks, at 13.6 percent. It was followed by Mercantile Bank with a rate of 10.35 percent. On the other hand, online bank One Zero offered the lowest interest rate, at just below seven percent.

Lending interest rate (%) in Israel was reported at 2.9582 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Israel - Lending interest rate - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Graph and download economic data for Interest Rates: Long-Term Government Bond Yields: 10-Year: Main (Including Benchmark) for Israel (IRLTLT01ILM156N) from Jan 1997 to May 2025 about Israel, long-term, 10-year, bonds, yield, government, interest rate, interest, and rate.

Israel: Interest rates on bank credit to the private sector: The latest value from 2022 is 2.96 percent, a decline from 3.1 percent in 2021. In comparison, the world average is 11.81 percent, based on data from 93 countries. Historically, the average for Israel from 2013 to 2022 is 3.51 percent. The minimum value, 2.96 percent, was reached in 2022 while the maximum of 4.42 percent was recorded in 2013.

In November 2024, Bank Leumi in Israel offered a 4.44 percent average interest rate on six to 12-month fixed-term deposits. It was closely followed by Bank of Jerusalem with an interest rate of 4.42 percent. Other retail banks with relatively higher interest rates included the Mercantile Bank and Bank Mizrahi-Tefahot.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Israel (IR3TIB01ILM156N) from Jan 1992 to May 2025 about Israel, interbank, 3-month, yield, interest rate, interest, and rate.

Interbank Rate in Israel decreased to 4.44 percent on Monday June 30 from 4.46 in the previous day. This dataset provides - Israel Effective Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

In November 2024, Mercantile Bank provided a 3.72 percent interest rate on one-month fixed-term deposits in Israel. It was followed by Bank Hapoalim with an interest rate of 3.37 percent. In contrast, Bank Yahav had the lowest rate among retail banks in the country, at 1.59 percent.

As of November 2024, Bank Mizrahi-Tefahot had the highest average interest rate on one to two-year fixed-term deposits in Israel, at 4.52 percent. Mercantile Bank followed closely with an interest rate of 4.51 percent. Other banks with high interest rates included Bank of Jerusalem and Bank Hapoalim.

Long-term interest rate in Israel, March, 2025 The most recent value is 4.39 percent as of March 2025, an increase compared to the previous value of 4.31 percent. Historically, the average for Israel from January 1997 to March 2025 is 4.43 percent. The minimum of 0.63 percent was recorded in July 2020, while the maximum of 11.69 percent was reached in February 2003. | TheGlobalEconomy.com

BOI Forecast: Interest Rate data was reported at 1.250 % in 2020. This records an increase from the previous number of 0.500 % for 2019. BOI Forecast: Interest Rate data is updated yearly, averaging 0.500 % from Dec 2018 (Median) to 2020, with 3 observations. The data reached an all-time high of 1.250 % in 2020 and a record low of 0.100 % in 2018. BOI Forecast: Interest Rate data remains active status in CEIC and is reported by Bank of Israel. The data is categorized under Global Database’s Israel – Table IL.M013: Interest Rate: Forecast: Bank of Israel.

As of January 2025, the average effective interest rate in Israel on positive checking account balances stood at 0.1 percent. Bank Mizrahi-Tefahot offered the highest interest rate at 0.2 percent. However, the majority of the retail banks did not offer any interest on positive balances.

As of November 2024, Bank Hapoalim offered the highest average interest rate on three to five-year fixed-term deposits in Israel, at 4.43 percent. It was followed by Bank Mizrahi-Tefahot at 4.18 percent and First International Bank of Israel with a rate of 4.11 percent. On the other hand, Mercantile Bank had the lowest interest rate at only 2.16 percent.

Interest rate spread (lending rate minus deposit rate, %) in Israel was reported at 2.5226 % in 2022, according to the World Bank collection of development indicators, compiled from officially recognized sources. Israel - Interest rate spread (lending rate minus deposit rate, %) - actual values, historical data, forecasts and projections were sourced from the World Bank on June of 2025.

Graph and download economic data for Interest Rates: 3-Month or 90-Day Rates and Yields: Interbank Rates: Total for Israel (IR3TIB01ILQ156N) from Q1 1992 to Q1 2025 about Israel, interbank, 3-month, yield, interest rate, interest, and rate.