Israel welcomes new law, no sign of rate-setters yet

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The Bank of Israel last week welcomed the passage of a new law governing its operation, acknowledging that it is an achievement despite differences between the central bank and the country's finance ministry on the detail.

At the reception, attended by Benjamin Netanyahu, the country's prime minister, Yuval Steinitz, the finance minister, parliamentary representatives and senior central bank figures, Fischer noted that the new law had been a decade in the making, and expressed his appreciation f

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