ForeXistenZ › Central banks › BOI
Bank of Israel (BOI)
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Manages the shekel.
How the BOI moves the ILS
A central bank sets the interest rate on its currency. Traders compare that rate with the rates of other central banks; the wider the gap, the stronger the pull of money towards the higher-yielding currency. That is why the minutes before a BOI decision are among the most volatile of the month for the ILS. Book I and Book II of the ForeXistenZ trilogy show how to prepare for these days — and when to stay out.
Frequently asked
What does the Bank of Israel do?
Manages the shekel.
Where is the Bank of Israel?
The Bank of Israel (BOI) is in Jerusalem, Israel.
Why do forex traders watch the BOI?
Interest rates are the price of a currency. When the BOI raises or cuts rates — or only hints at it — money moves into or out of the ILS, and ILS reacts within seconds.
Where are the BOI’s decisions published?
Official decisions, statements and the meeting calendar are published on https://www.boi.org.il/en.
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