Bank of Israel’s bond purchases are working – deputy governor

David Vaaknin

The Bank of Israel’s corporate bond purchases are interacting with other stimulus measures to ease credit conditions during the pandemic, deputy governor Andrew Abir has said.

“We are in a once in a hundred years crisis,” said Abir in a speech on July 28. The central bank’s corporate bond purchase programme is “integrated with our other steps – reducing the interest rate, purchasing government bonds, the plan to increase the supply of credit to small businesses”, he said. “These need to be seen

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