Israel cbank warns employee unrest disrupt policy

The Bank of Israel cautioned on Feb 13, 2001 that continued labour unrest at the central bank could disrupt monetary policy. The discount rate is maintained through regularly scheduled auctions in which the central bank sells or buys money. If these auctions are disrupted, then money could circulate in the market at rates that aren't tied specifically to the discount rate, thereby skewing monetary policy.The Bank of Israel on Feb 12 asked the Justice Ministry to issue back-to-work orders to e