Government delay holds up launch of Bank of Israel’s new rate-setting body

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The Israeli government's delay in appointing three people to the Bank of Israel's new six-member Monetary Committee is preventing the central bank from switching to the new rate-setting system, introduced last spring as part of the new Bank of Israel law.

On Monday, a Bank of Israel spokesperson said the transition to a new six-person Monetary Committee detailed in the 2010 Bank of Israel Bill had not yet been completed as the central bank was still awaiting the government's selection for its th

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