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FX BANK FORECAST · COVERAGE
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Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 30 institutional desks. No promotion.
FX BANK FORECAST · COVERAGE
Aggregated year-end forecasts, scenario shifts, and curated analyst notes from 30 institutional desks. No promotion.
Policy rate
4.50%
as of 2026-01-05
Next meeting
Aug 24
T-44d
The Bank of Israel is Israel's central bank, with a primary mandate of maintaining price stability while supporting growth, employment, and financial stability. The Monetary Committee meets eight times per year on a pre-announced schedule to set the policy interest rate.
Policy decisions are announced on the dates above. Source: official central bank schedules.
Policy rate
4.50%
As of 2026-01-05
ILS 2026 consensus
3.05
median of 3 banks
Reports referencing BoI across covered research desks
The next Bank of Israel (BoI) policy decision is scheduled for Aug 24. Because Bank of Israel sets monetary policy for the ILS, its rate decisions and forward guidance are among the most important scheduled catalysts for ILS exchange rates, and sell-side FX desks reposition their ILS forecasts around each meeting. FX Bank Forecast tracks how the major investment banks' ILS targets shift before and after BoI decisions, so you can see whether the consensus is moving with the policy path or diverging from it. Watching the cross-bank reaction to each meeting is often a more durable signal than any single house call.
Bank of Israel's policy lean is read from its most recent decisions and guidance. A more hawkish stance — biased toward higher-for-longer rates — tends to be supportive of the ILS, while a dovish, easing-biased stance tends to weigh on it, though the market reaction always depends on what was already priced in. What matters for ILS forecasting is less the stance in isolation than how it compares with what investment banks expected and how it shifts the projected rate path. FX Bank Forecast aggregates how 30 major banks read the BoI path and translates it into where the ILS consensus and its dispersion sit.
Monetary-policy expectations are one of the dominant drivers of currency moves, so Bank of Israel's decisions — and, just as importantly, how they compare with other central banks — feed directly into where strategists set their ILS targets. Relative policy paths (the BoI versus the Fed and other majors), the pace of cuts or hikes, and the tone of guidance are the channels through which BoI actions transmit into the ILS. FX Bank Forecast compares the published ILS forecasts of 30 major investment banks side by side and shows how that consensus — and the spread of views around it — shifts as the BoI outlook evolves.