Deputy Emmor’s “Globes” Deputy Editor to open the Real Estate Conference yesterday night, Governor of Bank of Israel Amir Yaron promotes the rates of Israel. Yaron also commented on reducing real estate land sales in light of macro-economic situations.
When will the fall of Israel’s long interests begin?
Yaron: “It must be understood that inflation is still in the target range now, and runs in 3.3%, and all the elements of an important condition for an important economy for an important economy for an important economy for an essential economy for an important economy for an important economy For an important economy for a good economic condition for an important economy for an important economy for an important economy for an essential economy for an essential economy and a growing economy. “
Yaron pointed out that inflation first and the most overwhelmed economic sections of the population, and therefore important not to allow it to open its head. “The price of an error and the price correct it is more painful,” he said.
However we saw the supply of houses in a peak, and the contractors of Starnating contractors, and according to your own forecast for August level. Doesn’t that allows you to cut some slack?
“At the moment, inflation is above target. And apart from the sticky elements, following operation rising lion, in which homes were hit, there will probably be even more pressure on rents, which will affect inflation, and we are liable to see more and more pressure.” Yaron emphasized the Bank of Israel does everything to prevent inflation from strengthening, add “it’s like antibiotics, which you need to feel a little better.”
Yaron also commented on the uncertainty that still exists in Israel’s economy, driven by two forces. “On one side we see the development of many market parameters, showing an improvement in the geopolitical state of Israel, which the same progress in the market of marketing in the markets of the market.” In view of Yaron, it is a good condition for the economy, but he says as far as inflation recognizes this is the two opposing strength. “So far, we do not know which of these forces in this can be above short term.”
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On the appreciation of the shekel, yaron explained that when demand is high, it’s not certain that we won’t see transmission from strengthening of currency, “and therefore we need to follow that cautious, data-dependent policy.”
In the future cutting rate of interest, Yaron says, “Foretelling the research department for three interests to cut within a year, but it relates inflation to come within the target range.”
You discussed the pressures of need, and we were two years higher interest in interest, and yet the demand in the housing market is relatively high. How long is that surprise to you? And did you prevent financing offers too little too?
“First of all, the economy has demonstrated very high resilience and strength, certainly given what has happened here since October 7. You have to remember that a tectonic event happened here, and in the last quarter of the year was still an annual 3.5%, which is around the potential of the Israeli economy. At Present, we still have a gap of 4% from where we should have been were it not for this whole terrible event, but we are seeing a renewed rise in credit card purchases as good. “
In real estate, Yaron says, “We have a long breeding rate, and high demand for the house, which is initially an important role, and special offers of contractors have a significant role of quitting.”
Yaron explained, however, in a period of “special offers that have become more widespread and so the Bank of Israel decides to wear the pattern of consumer.”
But we just saw Signeds Signidsion Priests in the Pay of Zero Poster Poster and reading for five years in five years.
“We constantly monitor the market, but the big distinction i make is between the customer’s real estate on that he completes a questionnaire about his financial circumstances, and know where he will be in the process in three years’ time, versus a situation in which you put down 10% from your Own Money and get no help from a mortgage consultant, or a bank, or any other adviser, and you don’t know where you will be in another three or four years and whether you will be able to meet your commitment.
“The Bank of Israel understands that there are additional advances, and we will continue to guard and ensure it is not something to be problems for the consumer for the economy.”
In the large supply of houses, Yaron says, “It must understand that in 80,000 homes, only about 20,000 are ready for houses. Most of the supplies of houses are on paper.”
You know that half of Israel’s children are now born in Haredi families and Arabs, and we have a problem with the workers in the sections of the population, especially the men and arab women. You warn the years every year, but not many have changed, definitely not at the rate you expect.
“First of all, you’re right, carrying out the Arab’s women and the workers something I’ve been talking about since you giving up on productivity measures, in education, having a very big problem.
“As far as Haredi’s population, you need to understand that, say, 2050-2060, that the proportion of the population is most economically.
“We want them to join the workers, and get better, and that they can do they have to have the main curriculum. You really need good skills you can develop.”
Full Revelation: The conference was made of cooperation with Bank Leumi and sponsored by Mivne Group, Shikun and Binui, Bonh Boneh firm. (FBC)
Published in Globes, Israel News in News – en.globes.co.il – On July 22, 2025.
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