The Bank of Israel has announced its decision to discontinue the use of the Telbor (Tel Aviv Inter-Bank Offered Rate) as the benchmark for setting interest rates. Instead, the central bank will transition to a new overnight interest rate mechanism by mid-2025.
Telbor has been a key reference rate for financial transactions in Israel for many years. However, concerns have been raised about its reliability and susceptibility to manipulation, prompting the need for a more robust and transparent benchmark.
