Amir Yaron

Professor Amir Yaron explained the Bank of Israel's decision to lower the interest rate to 3.25%, noting it was made despite expected inflation growth. Regarding real estate, he added: "I would like to see contractors continue to lower prices." He emphasized that political pressure does not affect him: "The walls of the monetary committee room are very thick."

Following a rigorous search process, Professor Amir Yaron has appointed Limor Schwartz, an expert with 25 years of experience in data and artificial intelligence, as the new Director of the Information and Statistics Department at the Bank of Israel.

In an interview with Bloomberg, Bank of Israel Governor Amir Yaron tempered expectations for monetary easing on September 1, despite inflation falling to a five-year low. While a strong shekel and low indices support a rate cut, the central bank remains cautious due to various economic and geopolitical risks.

The local foreign exchange market remains calm following the shekel's recent retreat. Bank of Israel Governor Amir Yaron stated that an interest rate cut at the September 1 meeting is not guaranteed.

Bank of Israel Governor Professor Amir Yaron told Bloomberg that rising uncertainty makes a September interest rate cut uncertain. While praising strong growth data, the Governor emphasized the need for caution.

The Bank of Israel has launched a financial support program for 4,500 IDF soldiers facing economic hardship. The initiative is backed by a 7.2 million shekel budget.

On Friday, Globes revealed that Benjamin Netanyahu is demanding to open the state budget and increase the defense budget by 400 billion shekels over 13 years. In his first response, Bank of Israel Governor Amir Yaron warns of a rise in the debt-to-GDP ratio and says: 'I was not involved'

While the Bank of Israel interest rate is falling, mortgage rates are not adjusting accordingly. Banks are increasing interest margins, offsetting a significant portion of the economic rate cuts.