Bank of Israel

The Bank of Israel is the central bank of Israel, responsible for managing the country’s monetary policy. Its primary goals are to maintain price stability and support the economic growth of the nation. The bank regulates the supply of money in the economy, sets interest rates, and supervises commercial banks. By controlling inflation and ensuring a stable financial system, the Bank of Israel plays a crucial role in fostering confidence in the Israeli economy, which affects individuals, businesses, and overall economic health. Established in 1954, it operates independently from the government to focus on long-term economic stability.