Bank of Israel

The Bank of Israel is the central monetary authority of the State of Israel, established by the Bank of Israel Law in 1954. Conducts monetary policy, supervises the commercial banking sector, manages FX reserves.

Leadership

Governor Amir Yaron — second five-year term through December 2028. Banking Supervisor Daniel Hahiashvili runs the Banking Supervision Department.

Wartime monetary management

Raised policy rate to 4.75% during the 2023-2024 tightening cycle before easing in 2025. Managed FX intervention through the post-October-7 shekel selloff.

May 2026 dissent

Publicly opposed the Competition Authority''s concentration group declaration as "an extreme and disproportionate step."