Israel
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.
Israel raises rates to 4%
The Bank of Israel increased its interest rate by 25 basis points to 4%, after inflation rose more than expected in July.
Israel prepares for the worst
The Bank of Israel's core staff participated in a two-day drill exercise on Monday and Tuesday as part of the central bank's business continuity programme.
Bank of Israel - Annual Report 2006
The Bank of Israel has published its 2006 annual report, reflecting on a strong year for the Israeli economy.
Bank of Israel closes "interest rate gap"
The Bank of Israel has announced an interest rate increase of 25 basis points. The hike, which takes rates to 3.75%, was somewhat unexpected as most observers expected rates to remain unchanged.
Olmert ends Bank of Israel's wage dispute
Ehud Olmert, the prime minister of Israel, managed to push through a new wage agreement for the Bank of Israel before relinquishing the finance ministry role he has held in a temporary capacity.
Bank of Israel leaves rates unchanged
The governor of the Bank of Israel, Stanley Fischer, announced on 25 June that the monetary rate for July 2007 will remain unchanged at 3.5%.
Bank of Israel - reserves report
The annual report of the Foreign Currency Department describes and analyses changes in the level of Israel's foreign exchange reserves, developments in their management, liquidity, rate of return and the risks to which the reserves portfolio is exposed.
Bank of Israel's wage dispute continues
The wage dispute at the Bank of Israel is continuing, with Eli Cohen, the wages director at the country's finance ministry, refusing to sign off on various clauses of the new collective employment agreement.
Bank of Israel should oversee bank fees - Knesset
The final report of the Knesset's committee looking into banking fees recommended that control of banking fees be transferred to the central bank.
Israel's Fischer on new banking law
Addressing the Knesset, Stanley Fischer, the governor of the Bank of Israel, urged lawmakers to push forward with a new law on the supervision of banking fees by the Supervisor of Banks.
Olmert called in on Bank of Israel wage dispute
The signing of a new wage agreement at the Bank of Israel has been delayed by troubles over the central bank's so-called "second generation workers".
Israeli rates cut again
The Bank of Israel has cut interest rates by 25 basis points to 3.5%. The decision, announced on 28 May, comes as inflation remains below the central bank's 1 to 3% inflation target.
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.
Fischer trips to raise support for Israel to OECD
Bank of Israel governor Stanley Fischer is travelling to Germany and Japan this week to increase support for Israel's bid to join the Organization for Economic Cooperation and Development as a full member, the central bank said.
Fischer on challenges facing the Israeli economy
In the speech 'Overview and challenges facing the Israeli economy' given on 23 January Stanley Fischer of the Bank of Israel said looking forward, we estimate that the economy will grow this year by 4.6 percent and that inflation will reach the target…
Fischer on the Bank of Israel's achievements
In the speech 'Bank of Israel's achievements' given on 2 January Stanley Fischer of the Bank of Israel said much of the recent criticism of the Bank of Israel is unjustified and petty, but some is justified, and we treat that part very seriously and are…
BIS papers on financial globalisation
On 19-20 June 2006, the BIS held its fifth Annual Conference, on Financial Globalisation, in Brunnen, Switzerland. The BIS published Papers from the event on 28 December.
Israel's Fischer on dollarization
In the speech 'Dollarization' given on 15 December Stanley Fischer of the Bank of Israel asks if dollarization, including full dollarization, should be avoided, why join EMU?
Fischer on the openness of Israel's economy
In the speech 'The openness of Israel's economy to the global economy and the importance of Israel's joining the OECD' given on 11 December Stanley Fischer of the Bank of Israel said membership of the OECD would promote Israel's position in the important…
Fischer on the openness of Israel's economy
In the speech 'The openness of Israel's economy to the global economy and the importance of Israel's joining the OECD' given on 11 December Stanley Fischer of the Bank of Israel said it is important that Israel's membership of the OECD remain high on the…
Israel's Fischer says rate cuts will be gradual
The governor of the Bank of Israel Stanley Fischer on Monday 11 December said he would reduce interest rates gradually because any "drastic" reduction would cause inflation to break the bank's target.
Fischer on Israel's economy and its banking system
In the speech 'Israel's economy and the challenges facing its banking system' given on 23 November Stanley Fischer of the Bank of Israel said within the Bank of Israel the Supervisor faces the vital and difficult task of managing a large, complex…
Bank of Israel calls in the cops
The Bank of Israel has submitted a formal complaint to the Israel police after an internal report on the new-appointed banking supervisor was leaked to the press.