Israel
Israel's Klein in favour of hiring Arab employees
The Bank of Israel is in favour of recruiting Arab employees, but has yet to find suitable candidates for available positions, according to a letter sent by central bank governor David Klein to Hadash party MK Ahmed Tibi, Haaretz reported this week.
Central bank employees to strike in Israel
Bank of Israel employees are to begin a protest strike against Bank of Israel Governor David Klein and the Bank's Board of Directors, according to Maariv International.
Israel: Central bank workers storm meeting
Bank of Israel employees held a protest meeting this week during working hours and later disrupted a management meeting, which had to be cancelled, according to a report by Haaretz.
Israel tops for central bankers per head
The Economist magazine reports that the Bank of Israel employs 14 people for each 100,000 Israelis, almost twice as much as in the US.
Bank of Israel staff plan strike action
The governor of the Bank of Israel David Klein met Thursday (25 March) with the secretariat of the Histadrut labour federation's bank workers' unit, Zion Shema, in an effort to avert a strike at the central bank.
Court rejects Bank of Israel's petition
The Bank of Israel suffered a setback on Sunday 1 February when the High Court of Justice refused to block treasury intervention in the central bank's wages policy.
Bank of Israel ranks No.1 on pay increases
For the fourth year in a row the Bank of Israel topped a list of government bodies with overpaid employees, according to the Finance Ministry's Wage Report for 2002.
Israel's Klein may take Treasury to court
The Bank of Israel is expected to file a petition with the High Court on Friday against Finance Ministry Wages Director Yuval Rachlevksy, claiming he has no authority to meddle in wage decisions at the central bank.
Bank of Israel's Klein to petition on salaries
Governor David Klein of the Bank of Israel has announced he intends to petition the High Court against a decision to intervene in salary terms and other benefits awarded to employees of the bank.
Medina favorite for Bank of Israel post
Still with the Bank of Israel, it was reported that the chances of Victor Medina becoming central bank governor in January 2005 have increased after Prime Minister Ariel Sharon dropped his objections.
Israel's Klein: Monetary policy achieved goals
Speaking at a seminar on financial cooperation among the Mediterranean nations on Thursday 15 January, Bank of Israel governor David Klein defended the Israeli central bank's monetary policy in recent years, saying it had achieved its goals.
Central bank officials criticise Israel's Klein
A report claims that the Bank of Israel has been shaken recently by an internal crisis which saw governor David Klein presented with a growing list of complaints from department heads.
IMF: Israel's monetary policy too conservative
An evaluation of the Israeli economy by an IMF delegation has concluded that interest rates can continue to fall as the economy is under deflationary pressure, noted the Israel Business Agency, but cuts should be gradual and monetary policy should be…
Israel central bank head sees economic progress
Bank of Israel Governor David Klein said that the recovery in the global economy, and improvements in the political and security environment should help Israel emerge from a three-year-long recession, according to a Reuters report.
Bank of Israel: Abolish fluctuation band now
Bank of Israel deputy division head David El-Kayam has recommended abolishing Israel's exchange rate fluctuation band and switching to a fully floating exchange rate regime, according to Globes Online. "It seems that right now, when the chances of…
Israel's Treasury and c bank rift intensifies
Bank of Israel governor David Klein has criticised Sunday's (26 October) cabinet approval for the establishment of a central bank advisory committee controlled by key business sector figures, according to the Jerusalme Post. Although the committee lacks…
Israel central bank's Klein to continue rate cuts
Bank of Israel Governor David Klein said on Satueday 18 October that he would continue to cut interest rates for as long as prices and financial markets remained stable, according to a report by Reuters.
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…
Bank of Israel sets up financial stability unit
The Bank of Israel has set up a new unit for financial stability, Globes online reports. The duties of the new department include developing tools for the early detection of threats to stability, preventing threats from becoming exacerbated, and…
Tension growing over Israel central bank policy
The Bank of Israel cut interest rates this week to 6.5 percent but Benjamin Netanyahu, the finance minister, has called Israel's high interest rate policy a "cement shoe" preventing growth. He proposed appointing an advisory panel composed of banking…
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…
Israel's Klein praises finance minister on economy
David Klein, governor of the Bank of Israel, has praised the country's finance minister saying demonstrated leadership has changed the economic picture significantly, Reuters reported.
BIS Board invites new member central banks to join
The Bank for International Settlements (BIS) Board has invited six central banks to BIS membership and appointed Hans Tietmeyer as Vice-Chairman of the Board of Directors of the BIS, 30 June.
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.