International Reserves in Israel
Israel - International ReservesThe latest data suggests tepid activity in the third quarter. The State of the Economy Index declined in July and only recorded mild rises in August and September. Moreover, September’s reading—which is calculated in part using backward-looking data for August—likely does not fully incorporate the impact of the second nationwide lockdown in place from mid-September. Looking to the fourth quarter, while the lockdown was eased somewhat in mid-October, remaining restrictions will still be severely curtailing the services sector. In politics, disagreement between Prime Minister Netanyahu and his coalition partner Benny Gantz over the budget process has raised political uncertainty and is hampering the government’s response to the Covid-19 crisis. If a budget for the current year is not passed by 23 December, fresh elections will be triggered, which could further increase instability.
Israel - International Reserves Data
|International Reserves (USD)||90.6||98.4||113||115||126|
5 years of economic forecasts for more than 30 economic indicators.
Israel International Reserves Chart
Source: Central Bank of Israel and FocusEconomics calculations.
|Bond Yield||0.98||-1.69 %||Jan 01|
|Exchange Rate||3.46||-0.37 %||Dec 31|
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January 4, 2021
At its 4 January meeting, the Bank of Israel (BoI) left the policy rate at 0.10%.
December 27, 2020
The Bank of Israel’s Composite State of the Economy Index expanded 0.67% in November (October: +0.02% mom), amid the easing of the second lockdown from late-October.
Israel: Parliament dissolves following failure to pass budget, complicating fiscal response to Covid-19 crisis
December 23, 2020
At midnight on 22 December, after a deadline to pass the 2020 budget was missed amid disagreement between Prime Minister Netanyahu and coalition partner Benny Gantz, the Knesset was dissolved and general elections—the fourth in two years—were set for 23 March 2021.
December 20, 2020
The Purchasing Managers’ Index (PMI), produced by Bank Hapoalim and the Israeli Purchasing & Logistics Managers Association (IPLMA), increased from 54.9 in October to 57.1 in November, the highest reading since July 2018.
December 15, 2020
Consumer prices fell 0.20% from the previous month in November, swinging from the 0.30% rise logged in October.