IMF: Give Bank of Israel full independence

A comprehensive IMF report recommends that the Bank of Israel is given independence from government control. It also highlights areas where the Bank can improve transparency.

Source: Globe online

The IMF recommends abolishing the exchange rate fluctuation band, and giving the governor of the Bank of Israel legal protection from being fired over policy differences.

The IMF believes the Bank of Israel should have full independence to manage policy tools, and the exchange rate fluctuation band shou