Bank of Israel accused of generating instability

Israel's Ministry of Finance on Thursday launched a fierce attack on the Bank of Israel, saying the central bank had failed to meet inflation targets and at times had a destabilising effect on the market.

In a report on inflation in Israel in 2002, the ministry said, "In the last 4 years, the Bank of Israel has failed to meet inflation targets set by the government. At the same time, the bank frequently criticises the government, the Ministry of Finance and fiscal policy, at times with stateme