Israel takes a step closer to new law

bank-of-israel-building

Israel's cabinet on Sunday approved a draft law that will see the independence and transparency of the country's central bank strengthened.

The passing of the Bank of Israel Law, which the governor, Stanley Fischer, has been pushing for for the past three-and-a-half years, will create a Monetary Policy Committee, and an administrative council to approve the central bank's annual work plan and budget. At present, Fischer alone decides interest rates, though there is a monetary forum comprised of

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: