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The source explained (citation):
On September 20, 2016, the Monetary Committee announced its decision to reduce, during 2017, the frequency of interest rate decisions to 8 times per year.
In response, we have archived the predecessors (monthly, January 1995 to February 2017) by marking metadata as "discontinued" and by segregating in the catalog. The replacements (daily) start at February 3, 2017 and have standardized mnemonics. Figures are percent per annum (% p.a.) not seasonally adjusted (NSA).
The series reside in the historical catalog (Israel » Financial » Official interest rates) and include, for example:
- IR%ABRUM.IISR = [DISCONTINUED] Actual Bank of Israel rate of interest (effective) - Monthly average
- IR%IRIUM.IISR = [DISCONTINUED] Interbank rate of interest - effective
- IR%MPEUD.IISR = Central bank - Actual rate [Effective]
- IR%CBIBUD.IISR = Central bank - Interbank rate [Effective]
Because catalog locations are subject to change, the upper-right search box on DataBuffet.com provides a "find in catalog" mode that accepts a mnemonic.
About the dataset
The Bank of Israel seeks to control inflation through several policy instruments. The main one is the short-term interest rate ("policy rate") set by the Monetary Committee, which is the basis for two other interest rates -- charged on loans ("lending rate") made by the Bank of Israel to commercial banks (liquidity), and paid on deposits ("deposit rate") by banks at the Bank of Israel.
As of 2017, there are 15 commercial banks active in Israel, branches of five foreign banks, and others.
References
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