Bank of Israel moves to eight-meeting policy cycle
One member objects to loss of flexibilty
The Bank of Israel is to cut the number of monetary policy meetings it holds each year, though deliberations in the run-up to the decision proved contentious.
From 2017, the central bank's monetary committee will meet to set the policy interest rate eight times a year, or twice quarterly, down from the current monthly meetings.
The decision partly reflects the "entrenchment" of the country's inflation targeting regime, which has anchored inflation expectations and reduced the volatility of
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