Bank of Israel
Strike in Israel disrupts central bank operations
A cut in interest rates by the Bank of Israel will not come into affect until bank business resumes as the country is currently gripped by a national strike Reuters reports.
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…
Treasury wants Bank of Israel to refund bonuses
The director of wages at Israel's treasury, Yuval Rachlevsky, has instructed 800 workers at the Bank of Israel to repay their "efficiency bonuses," which total millions of shekels. Rachlevsky informed the bank's governor, David Klein, Monday.
Klein leaves February's interest rates unchanged
Bank of Israel Governor David Klein decided Monday to leave the central bank's key lending rate unchanged for the month of February, and interest rates will stand at 8.9%.
The governor's performance hits a new low
ARTICLE - An article published in the Jerusalem Post on Tuesday criticised Bank of Israel governor David Klein for apparently laying the blame for Israel's 6.5 percent inflation rate on the government.
Klein: Israel should rely less on foreign workers
Israel must take urgent action to reduce the number of foreign workers, Bank of Israel Governor David Klein said on Thursday night in a lecture to the Israel-Japan Chamber of Commerce in Tel Aviv.
Israel's PM summons bank governor over gaffe
Prime Minister Ariel Sharon summoned Governor of the Bank of Israel David Klein for an urgent meeting, following Klein's comments in the media in recent days, it was reported.
Treasury-central bank rift in Israel
ISRAEL - For the first time in decades, the Prime Minister's Office, the treasury and the Bank of Israel did not jointly publish the national forecast together with the publication of the 2003 budget. The disagreement is testimony to the difficult…
David Klein's mysterious adventure
ARTICLE - Several weeks ago, the premier international rating agency Standard & Poor downgraded the credit ratings of Bank Hapoalim, Bank Leumi, and Bank Discount. This action was driven by concern over the quality of loans these banks have issued. In…
Bank of Israel governor leaves rate unchanged
ISRAEL - Key lending rates will remain unchanged at 9.1 percent in August, Bank of Israel governor David Klein announced Monday afternoon.
Israel's c bank chief criticizes inadequate budget
ISRAEL - Governor of the Bank of Israel David Klein says financial stability is not yet assured. Speaking before the Israel Democracy Institute's annual Caesarea conference, being held this year in Jerusalem, he said the task of restoring economic…
Frenkel accused of claiming funds not due him
ISRAEL - Israel's state audit office said on Monday former Bank of Israel Governor Jacob Frenkel, who stepped down in 2000 after nine years in office, had claimed thousands of dollars not due to him. A spokesman for Frenkel in Tel Aviv dismissed all the…
Klein to consider his position if c bank reformed
ISRAEL - Bank of Israel Governor David Klein says he'll have to consider his future if the Bank of Israel Law governing the central bank is revised according to the Finance Ministry's proposal it is reported.
No compromise on Bank of Israel law
ISRAEL - Parliament will be asked this week to approve a redefinition of the Bank of Israel's powers that the central bank opposes.
Israel sees no progress on central bank reform
ISRAEL - The Bank of Israel said Thursday that no significant progress had been made in reaching a compromise on the Finance Ministry's plan to amend the law governing the central bank.
Israel approves Bill to redefine c bank powers
ISRAEL - Israeli ministers have approved a bill that would redefine the Bank of Israel's powers, but allowed the finance ministry and central bank time to propose changes to the bill to resolve continuing disagreements.
Klein defends rate rise, attacks gov't policy
ISRAEL - Bank of Israel Governor David Klein Friday vigorously defended his recent rate hike and accused the government of having little interest in running the economy, reports Dow Jones.
Bk of Israel say lawmakers try to politicise them
ISRAEL - Bank of Israel Governor David Klein accused legislators Thursday of trying to politicise the central bank with a bill that would water down his authority in setting interest rates.
Speech by David Klein of Israel's central bank
SPEECH - Prepared by David Klein, Governor of the Bank of Israel For the Euro Conference, Tel Aviv, 4 September.
Speech by David Klein governor of Bank of Israel
SPEECH - Speech prepared by David Klein, Governor of the Bank of Israel for A Government Discussion, 5 August.
The framework of Israel's economic policy for 2002
SPEECH - David Klein, Governor of the Bank of Israel, to The Financial Forum, Tel-Aviv, 11 July.
Sharon backs Klein and an independent Central Bank
ISRAEL - Prime Minister Ariel Sharon has published a statement on 9 July expressing support for maintaining the independence of the Bank of Israel and for Governor David Klein, Ha'aretz reports.