Israeli central bank set for greater independence

Israel's new central banking law will create a more independent institution, said Stanley Fischer, the governor of the Bank of Israel.

The new law, which Fischer hopes will be presented before the Knesset, Israel's parliament "in the near future", will, the governor said, "clearly define the independence of the Bank, its goals, and the mechanisms for decision making, and should impose on the central bank a comprehensive framework of transparency and accountability." He added: "The new law sho

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