Crisis-stricken Israel has faith in central bank

Economists tell Central Banking the government must radically change fiscal priorities

The Bank of Israel
Photo: David Vaaknin

Israeli economists say the public trusts the Bank of Israel (BoI) in the face of the crisis unleashed by the war with Hamas.

However, the central bank probably will not undertake radical new policies or large-scale interventions to support the economy. Experts say it is more fiscal policy that will have to change to meet the wartime crisis.

The conflict began with a Hamas attack, primarily on civilian targets, on October 7, killing 1,400 Israelis. The Israel Defence Force responded with aerial

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