Stanley Fischer, who this week announced his intention to stand down as Bank of Israel governor, hinted yesterday that Karnit Flug, the current deputy governor, would be a capable successor.

Speaking at a press conference yesterday in Jerusalem, Fischer declined to comment on possible candidates, but said Flug had been chosen on the basis she would be able to step in as acting governor when needed. "I would not have proposed appointing a deputy governor whom I did not believe would be able to