Bank of Israel hikes interest rates to 4.25%, highest since 2008 * Court halts major Jerusalem Hills urban plan * Our regular housing snapshot feature

[Times of Israel]( [Real Estate Israel]( Friday, February 24, 2023 Presented by [Ashkelon Properties]( [Battling inflation, Bank of Israel hikes interest rates to 4.25%, highest since 2008]( By Sharon Wrobel Central bank lifts borrowing costs by 50 basis points citing inflation above 5%, shekel depreciation and concerns about fiscal expansion and wages [Shekel reverses earlier losses after Wall Street dive and judicial overhaul jitters]( By Sharon Wrobel [Shekel heads to 3-year low, government bonds slip after vote on judiciary changes]( By Sharon Wrobel [Housing snapshot: Home sales and rentals across Israel]( By Danielle Nagler The Times of Israel’s regular feature on what is happening in Israel’s property market right now from our sponsor [The Time to Act is Now!]( Ashkelon Properties has sea view apartments, near the beach, marina, restaurants and shuls. Call: 054-433-2621 or visit us at: ashkelonproperties.com [Bezalel’s new campus hopes to draw Jerusalem’s many communities into creative space]( By Danielle Nagler Israel’s oldest art and design school moves to downtown location, in bid to connect to capital’s diverse population [Court halts major Jerusalem Hills urban plan, orders environmental assessment]( By ToI Staff and Sue Surkes Society for Protection of Nature in Israel welcomes ruling, urges government to cancel Reches Lavan project and preserve area as a national asset [Private hot tubs and pools abound at Jerusalem hills hotel named for Labor Zionist]( By Jessica Steinberg Gordonia Hotel, the latest iteration of Kibbutz Ma’ale Hahamisha’s 80-year hospitality operation, draws guests who want views and pillow menus [Real Estate Israel]( [facebook]( [twitter]( [instagram]( [View in browser]( [Contact support](mailto:support@timesofisrael.com) [Advertise with us](mailto:advertise@timesofisrael.com) Were you forwarded this email? [Subscribe here]( [Unsubscribe]( from this List © 2023 The Times Of Israel, All Rights Reserved