Banking & Finance

As the shekel begins a climb from recent lows, analysts anticipate interest cuts upcoming, even as early as the end of November.

Here is a brief update of the Israeli government's plan to provide financial support amid the ongoing war with Hamas. It is not complete as the measures are still evolving.

Given that nobody knows how long the war will last, it remains to be seen what needs to be ratified by the Knesset, what are the detailed conditions, and what will be the duration.

ISRAEL AT WAR: Finance Minister Bezalel Smotrich and Economy Minister Nir Barkat vie over the economic aid plan to help businesses devastated by war with Hamas.

Influencer Einav Booblil shocks social media by revealing that Israeli banks are obligated to provide services to organizations like Betselem, sparking a call to action.

Israel evacuated thousands to hotels, unpaid; hotels warn of collapse, may ask evacuees to leave. The state updated support to NIS 200 for adults, NIS 150 for kids.

The Orthodox Jewish Chamber of Commerce has boycotted Starbucks, calling on others to follow suit, after the barista union voiced support for Hamas.

The Bank’s central concern at present is the depreciation of the shekel as an inflationary risk.

A comprehensive analysis will be carried out to determine non-essential budgets that can be diverted to the cause.

Under the plan, loan payments of mortgages, consumer credit and business credit would be deferred without charging interest and without charging fees.