Central Bank RatesIsrael policy rate in 2008 (10 changes)
Start of year4.25%
End of year2.50%Dec 31, 2008
Net change-175 bp4 hikes, 6 cuts
Average3.648%
Rank by level30 / 38
Changes in 2008
| Date | From | To | Change |
|---|---|---|---|
| Feb 28, 2008 | 4.25% | 3.75% | cut -50 bp |
| Mar 27, 2008 | 3.75% | 3.25% | cut -50 bp |
| May 29, 2008 | 3.25% | 3.50% | hike +25 bp |
| Jun 26, 2008 | 3.50% | 3.75% | hike +25 bp |
| Jul 31, 2008 | 3.75% | 4.00% | hike +25 bp |
| Aug 28, 2008 | 4.00% | 4.25% | hike +25 bp |
| Oct 12, 2008 | 4.25% | 3.75% | cut -50 bp |
| Oct 30, 2008 | 3.75% | 3.50% | cut -25 bp |
| Nov 14, 2008 | 3.50% | 3.00% | cut -50 bp |
| Nov 27, 2008 | 3.00% | 2.50% | cut -50 bp |
Compared with other areas at the end of 2008
18%
17.75%
15%
13.75%
13%
11.5%
10.25%
10%
9.5%
9.25%
8.25%
8.25%
7%
6.5%
6.5%
5.5%
5.31%
5%
5%
4.25%
3.75%
3.75%
3.5%
3.25%
3%
3%
2.75%
2.5%
2.5%
2.5%
2.25%
2%
2%
1.5%
0.5%
0.5%
0.125%
0.1%
Year-end rate over time
3.25%
4.25%
4.5%
4.75%
3.25%
0.1%
0.1%
0.25%
0.25%
0.1%
0.1%
0.1%
0.25%
1%
1.75%
2.75%
2%
1.25%
2.5%
4.25%
4.5%
4.5%
3.7%
5.2%
8.9%
3.8%
8%
2008: hikes and cuts worldwide →
Daily policy-rate data compiled by the BIS. Not investment advice.