Fischer on Israel's economy and challenges ahead

- Central Banking staff
- 04 May 2005

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In the speech 'A brief look at Israel's economy and the challenges ahead' given on 1 May, Stanley Fischer of the Bank of Israel said the right economic policy is essential for the economy's ability to grow rapidly. There are, however, other factors outside the area of economic policy that affect growth, in particular the peace process.

"As far as the Bank of Israel is concerned, it has two major goals. In monetary policy its role is to preserve the purchasing power of the sheqel, i.e., to

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