Israel debates monetary council for central bank

ISRAEL - The Knesset's Finance Committee will shortly be reopening discussion of a monetary council for the Bank of Israel, which would share some of the responsibilities belonging to the central bank governor, David Klein.

The monetary council would determine interest rates, which is currently the exclusive purview of the governor, TheMarker reported.

A private bill to establish a monetary council was brought before parliament back in 1996, submitted by Knesset members Avraham Shochat (Labor)

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