Israel's c bank chief criticizes inadequate budget

- Central Banking staff
- 05 Jul 2002

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ISRAEL - Governor of the Bank of Israel David Klein says financial stability is not yet assured. Speaking before the Israel Democracy Institute's annual Caesarea conference, being held this year in Jerusalem, he said the task of restoring economic stability was in the Bank of Israel's hands. Klein also hinted he had no plans to cut the interest rate in the near future.

Klein stressed that as long as the government's monetary council bill was not removed from the agenda, it would damage financial

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