Bank of Israel revamps policy communications
Central bank adopts new approach to communicating monetary policy decision
The Bank of Israel is overhauling the way it tackles monetary policy communications, as it prepares to move to a condensed cycle of eight meetings per year.
The main changes are being made to the statement released following meetings of the monetary committee, offering details of the policy decision. The first new statement will be released following the next policy decision, which falls on April 6.
Previous statements contained a detailed description of recent data and the background
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