Israel approves Bill to redefine c bank powers

ISRAEL - Israeli ministers have approved a bill that would redefine the Bank of Israel's powers, but allowed the finance ministry and central bank time to propose changes to the bill to resolve continuing disagreements.

If no revisions are forwarded by Sunday, the ministerial legislative committee will submit the bill to parliament for approval in its current form next week, the finance ministry said.

Among other things, the bill would set up a monetary committee to decide Israel's interest rat

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