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Bank of Israel

Bank of Israel - Annual Report 2007

The Bank of Israel's new law should provide a firm legal basis for the central bank's independence, said Stanley Fischer, the governor of the central bank in its latest Annual Report.

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.

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.

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