Bank of Israel Publications and Reports
The Bank of Israel's Annual Reports are published at the end of March, and
are submitted to the Knesset and the Finance Committee of the Knesset in accordance
with section 59 of the Bank of Israel Law, 5714-1954. The reports encompass
a broad range of areas of economic activity: they review and analyze the economy
and economic policy; output, uses, and principal industries; inflation and monetary
policy; the financial system; the labor market; general government and how it
is financed; the balance of payments; and welfare policy.
Recent Economic Developments (RED) are four-monthly reviews published about
a month after the end of each period. The reviews, illustrated by diagrams,
summarize and analyze developments on the real side, in the labor market, in
government activity, in the balance of payments, in prices, in monetary policy
and the capital market, as well as the main developments world wide. Part 2
of each review presents a broader review of selected issues relevant to the
economy. The reviews also contain tables giving the latest
data on Israel's economy.
The Bank of Israel's financial statements are published annually, and contain
the Bank's balance sheet as of December 31 and the Profit and Loss Account for
the year ending December 31. The reports also contain notes and explanatory
remarks to the financial statements, and an annual review of Israel's payment
and settlement systems. The reports also have a statistical appendix, with series
of annual and monthly data on items in the financial statements.
The Annual Reviews of Israel's Banking System analyze developments in the banking
system with regard to activity, business results and risks, the structure of
the system, and the activity of the Banking Supervision Department.
The reports are illustrated by diagrams and contain text tables, as well as
a statistical appendix containing detailed data which can researchers and analysts
to analyze trends in Israel's banking system.
The Annual Reports of the Market Operations (until 2007 Foreign Currency) Department,
illustrated by diagrams and containing tables, describe and analyze changes
in the level of Israel's foreign exchange reserves, developments in their management
and liquidity, and the holding-period rate of return and the risks to which
the reserves portfolio is exposed, also in comparison to the portfolios of other
The Inflation Reports are published biannually about one month after the end
of each half year. The reports, illustrated by diagrams, summarize and analyze
monetary developments in the economy, with specific reference to the inflation
target set by the government and to the changes required to monetary policy
in the light of the path followed by inflation, both actual and expected, all
this against the background of macroeconomic changes in Israel and abroad. The
appendices consist of tables containing the latest monetary data used by policymakers.
Printed versions of the reports are also available.