The Bank of Israel announced that publication of the Telbor interest rates has ceased, with Telbor for all periods published for the final time on 30 June 2025, and that the SHIR interest rate will now replace Telbor as the basis for derivative transactions. The change follows a decision of the Telbor Committee and is positioned as part of the broader shift in major economies from IBOR-type rates to risk-free overnight interest rates. SHIR is equal to the Bank of Israel interest rate, and on dates when SHIR is not published its value remains at the last published level; SHIR is published on the Bank of Israel website by 11:00 each day, except on Saturday, Sunday, and other dates the Bank periodically publishes and updates.
Bank of Israel 2025-07-01
Bank of Israel stops publishing Telbor and replaces it with SHIR as the reference rate for derivatives
The Bank of Israel has ceased publication of the Telbor interest rates as of 30 June 2025, replacing it with the SHIR interest rate for derivative transactions. This transition aligns with global shifts from IBOR-type rates to risk-free overnight rates, with SHIR equating to the Bank of Israel interest rate and published daily except on specified non-publication dates.