Perspectives with context.
Middle East
Society, economy and regional relationships
The Bank of Israel reported a $2.85 billion monthly rise in reserves, with approximately $2.59 billion attributed to revaluation. A larger balance is not automatically a purchase.
The second-quarter investment-position release reports assets of about $1.013 trillion and liabilities of $697 billion. Their difference is not a measure of cash earned during the quarter.
The September 1 decision lowered the policy rate to 3.25 percent. Translating that decision into a payment requires the terms of the particular loan.
The Bank of Israel reported different second-quarter movements against the dollar, euro and a trade-weighted basket. None is a direct measure of the change in a shopper’s bill.
The Bank of Israel publishes an indicative reference. Comparing it with a provider’s offer requires the direction of conversion, charges and time of the quote.
