Bank of Israel

Fischer wants financial supervision

The current turmoil shows that the involvement of the central bank in the supervision of financial institutions should be extended and enhanced, said Stanley Fischer, the governor of the Bank of Israel.

Israel holds rates

The Bank of Israel decided on Monday to keep its interest rate at 4% as the strength of the shekel is counterbalancing rising prices and keeping inflation in check.

Israel launches same-day clearing system

The Bank of Israel launched its real-time gross settlement system (RTGS) for bank transfers on 3 September. This is part of the central bank's reforms of Israel's payment and clearing systems.

Every mistake imaginable

According to the article "Every mistake imaginable" published on Tuesday 13 March by Haaretz, critical mistakes at important times meant that the Bank of Israel's salary negotiations went on much longer than was necessary.

IMF: Bank of Israel independence will help growth

IMF first deputy managing director Anne Krueger expressed great interest in the proposed changes in the Bank of Israel Law last week in a meeting with Governor David Klein, according to a report by Globes Online. She said that, based on the IMF's…

Fogel to head Bank of Israel advisory committee

Israel's Finance Minister Binyamin Netanyahu has recommended establishing an advisory committee to the Bank of Israel to be headed by Aharon Fogel, the Jerusalem Post reports. Fogel is known as one of the most outspoken critics of Bank of Israel Governor…

Bank of Israel: Inflation expectations fell in May

The Bank of Israel said on Monday 16 June that Israel's M1 money supply totalled NIS 31.7 billion in May, a 0.9% rise from the preceding month, according to Globes report. It also reported that inflation expectations have fallen for the last three months.

Netanyahu wants better relations with central bank

Benjamin Netanyahu took office on Sunday as Israel's new finance minister, and vowed better cooperation with the central bank. Netanyahu and Meir Sheetrit met Israel's central bank chief David Klein on Sunday to discuss cooperation between the Finance…

Klein won't bow to PM's 'whims' confidantes say

Bank of Israel governor David Klein does not intend to step down from his post even if Prime Minister Ariel Sharon asks him to do so Ha'aratz news in Israel said. Ha'aratz reported sources close to the governor said Wednesday in the wake of a barrage of…

PM, Frenkel meet to discuss emergency economy plan

The likelihood of Israel's Finance Minister Silvan Shalom leaving the Treasury has risen after Prime Minister Ariel Sharon summoned former Bank of Israel governor Jacob Frenkel, chairman of Merill Lynch International, for a three-hour discussion on the…

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