New law will improve Bank of Israel, says Fischer
Israel's new central bank law will create a more independent, accountable and transparent institution, according to Stanley Fischer, the governor of the Bank of Israel.
Speaking in Washington, Fischer said that the Israeli authorities were now working on the law. The governor added that Israel's economic problems could only be solved with continuing growth and policy discipline, which he described as "mutually reinforcing elements of success".
He said that economic conditions were more likely to
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