Israel
New Bank of Israel law agreed
The Israeli government has agreed to the wording of a new Bank of Israel Law that would transfer responsibility for setting interest rates from the central bank governor alone to a monetary committee.
Inflation still below target in Israel
The Bank of Israel's inflation report for the first half of 2005 shows inflation below the lower limit of the target range, despite reductions in interest rates at the beginning of the year.
Israel's Fischer on capital market reforms
In the speech 'Capital market reforms in Israel' given on 5 July, Stanley Fischer of the Bank of Israel said the stability of the banking system will not be affected by the separation of the provident funds and mutual funds from the banks.
Bank of Israel - Annual Report 2004
The Bank of Israel has published its Annual Report for the year ended 2004. In 2004 the long-term strategy of Israel's macroeconomic policy - intended to place the economy firmly on the path towards the realization of its growth potential - moved forward…
Israel's Fischer on economic stabilisation program
In a speech on 'The economic stabilisation program and its effect on the Israeli economy today' given on 30 June, Stanley Fischer of the Bank of Israel said the new law that we in the Bank of Israel propose clearly defines the independence required for a…
Fischer says modern Bank of Israel law needed
Governor of the Bank of Israel Prof. Stanley Fischer said in a speech that the new law will establish a monetary committee and an administrative council to work together.
Fischer on Israel's economy and challenges ahead
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…
Fischer to begin at Bank of Israel on Sunday
Stanley Fischer is scheduled to start his new job as the governor of the Bank of Israel on Sunday 1 May.
Israel's Sokoler on a new central bank law
In the speech 'The time has come for a new Bank of Israel law' given on 17 March, Meir Sokoler of the Bank of Israel said with regard to a monetary council, the Bank of Israel is in favour of the establishment of such a body that would make decisions on…
Sleepy Hollow's central bank
This article published on Monday 14 March looks at the situation surrounding the appointment of Stanley Fischer as governor of the Bank of Israel. There is contradictory information in Jerusalem on when exactly Fischer will arrive in Israel, it says, and…
Fischer will become Bank of Israel governor 1 May
The government is due to approve Prof. Stanley Fischer's appointment as the eighth governor of the Bank of Israel on Monday 21 March, local press reports said.
Fischer approved as Bank of Israel governor
Israel's state appointments committee approved the nomination of renowned American economist Stanley Fischer late on Tuesday 18 January as chief of Israel's central bank.
Bank of Israel promotes 20 percent of staff
A press report said this week that Bank of Israel governor David Klein has decided to promote 20 per cent of the central bank's staff, with salary increases of between 10 and 15 per cent. Haaretz said the move was made without consulting the workers…
Report claims Israel's Klein asks for second term
A report by Haaretz Daily this week claimed Bank of Israel governor David Klein asked about his chances of being appointed for a second term at the central bank during a meeting with Finance Minister Benjamin Netanyahu.
Bank of Israel staff to join new protest
Workers at the Bank of Israel, who are currently embroiled in a dispute with the management of the central bank, are set to join staff at the Israel Discount Bank, who are also involved in a dispute, Haaretz reported this week.
Leiderman named favourite to replace Klein
Professor Yitzhak Swary isn't the leading candidate to be the next Bank of Israel Governor, as Professor Leonardo Leiderman, a former senior official at the central bank, has a better chance of being appointed, TheMarker.com financial news service…
Bank of Israel - Annual Report 2003
The Bank of Israel has published its Annual Report for the year ended 2003. The report says there was a turnaround in 2003 and economic activity rallied: GDP and business-sector product rose, after declining in the two previous years. The recovery was…
Bank of Israel staff to get medals
The Bank of Israel is to spend NIS 320,000 on medals to be awarded to all members of staff in commemoration of the central bank's Jubilee year, Haaretz reported. However, a planned celebration for staff and retired workers was cancelled, the report said.
Central bank staff may okay job action in Israel
The Bank of Israel labor union will meet next week to officially approve "lengthy strikes," Haaretz reported Friday 16 July. Central bank employees struck for one day last May.
Israel's Klein in favour of hiring Arab employees
The Bank of Israel is in favour of recruiting Arab employees, but has yet to find suitable candidates for available positions, according to a letter sent by central bank governor David Klein to Hadash party MK Ahmed Tibi, Haaretz reported this week.
Central bank employees to strike in Israel
Bank of Israel employees are to begin a protest strike against Bank of Israel Governor David Klein and the Bank's Board of Directors, according to Maariv International.
Israel: Central bank workers storm meeting
Bank of Israel employees held a protest meeting this week during working hours and later disrupted a management meeting, which had to be cancelled, according to a report by Haaretz.
Israel tops for central bankers per head
The Economist magazine reports that the Bank of Israel employs 14 people for each 100,000 Israelis, almost twice as much as in the US.
Bank of Israel staff plan strike action
The governor of the Bank of Israel David Klein met Thursday (25 March) with the secretariat of the Histadrut labour federation's bank workers' unit, Zion Shema, in an effort to avert a strike at the central bank.