Israel
Tension growing over Israel central bank policy
The Bank of Israel cut interest rates this week to 6.5 percent but Benjamin Netanyahu, the finance minister, has called Israel's high interest rate policy a "cement shoe" preventing growth. He proposed appointing an advisory panel composed of banking…
Fogel to head Bank of Israel advisory committee
Israel's Finance Minister Binyamin Netanyahu has recommended establishing an advisory committee to the Bank of Israel to be headed by Aharon Fogel, the Jerusalem Post reports. Fogel is known as one of the most outspoken critics of Bank of Israel Governor…
Israel's Klein praises finance minister on economy
David Klein, governor of the Bank of Israel, has praised the country's finance minister saying demonstrated leadership has changed the economic picture significantly, Reuters reported.
BIS Board invites new member central banks to join
The Bank for International Settlements (BIS) Board has invited six central banks to BIS membership and appointed Hans Tietmeyer as Vice-Chairman of the Board of Directors of the BIS, 30 June.
Bank of Israel: Inflation expectations fell in May
The Bank of Israel said on Monday 16 June that Israel's M1 money supply totalled NIS 31.7 billion in May, a 0.9% rise from the preceding month, according to Globes report. It also reported that inflation expectations have fallen for the last three months.
Bank of Israel - Annual Report 2002
The Bank of Israel has published its Annual Report for the year ended 2002.
Bank of Israel supervisor cleared by comptroller
The Bank of Israel's supervisory office has been cleared of a direct failure in monitoring the embezzlement at Trade Bank Ltd.
Strike in Israel disrupts central bank operations
A cut in interest rates by the Bank of Israel will not come into affect until bank business resumes as the country is currently gripped by a national strike Reuters reports.
Israel's Treasury blasts central bank policy
A brochure published by Israel's Finance Ministry blames the central bank for much of the malaise dogging the country's economy. The brochure also described the Bank of Israel's monetary policy as "too restrictive".
IMF: Give Bank of Israel full independence
A comprehensive IMF report recommends that the Bank of Israel is given independence from government control. It also highlights areas where the Bank can improve transparency, according to Globe online.
Bank of Israel looks for buyer of Euro Trade Bank
The Bank of Israel is on the lookout for potential buyers for the Privately owned Euro Trade Bank. Motivated by concerns for its stability, the central bank is not having much success, however.
Treasury: Israel's central bank wages shocking
Israel's treasury department has said that it will investigate the legality of high salaries at the Bank of Israel following the release of a report, according to the Haaretz Daily. But the central bank hit back saying that salaries are determined by…
Netanyahu wants better relations with central bank
Benjamin Netanyahu took office on Sunday as Israel's new finance minister, and vowed better cooperation with the central bank. Netanyahu and Meir Sheetrit met Israel's central bank chief David Klein on Sunday to discuss cooperation between the Finance…
Report says Israel's Sharon to oust central banker
An Israeli press report on Friday cast further doubt on David Klein's chances of remaining as governor of the Bank of Israel. The report says Israel's prime minister is likely to ask the governor to withdraw from his position in the next few days.
Klein won't bow to PM's 'whims' confidantes say
Bank of Israel governor David Klein does not intend to step down from his post even if Prime Minister Ariel Sharon asks him to do so Ha'aratz news in Israel said. Ha'aratz reported sources close to the governor said Wednesday in the wake of a barrage of…
Klein on Israel's economy after the elections
SPEECH - In the speech 'Israel's economy after the elections' David Klein of the Bank of Israel said that the economic package, announced following the election, would be difficult to implement. He likened the choices to Alice in Wonderland who found out…
PM, Frenkel meet to discuss emergency economy plan
The likelihood of Israel's Finance Minister Silvan Shalom leaving the Treasury has risen after Prime Minister Ariel Sharon summoned former Bank of Israel governor Jacob Frenkel, chairman of Merill Lynch International, for a three-hour discussion on the…
Treasury wants Bank of Israel to refund bonuses
The director of wages at Israel's treasury, Yuval Rachlevsky, has instructed 800 workers at the Bank of Israel to repay their "efficiency bonuses," which total millions of shekels. Rachlevsky informed the bank's governor, David Klein, Monday.
Preventing money laundering in Israel
REPORT - The Bank of Israel's January 2003 edition of its newsletter BOI includes an outline of efforts by the central bank and government to prevent money laundering after Israel was placed on the FATF's blacklist of countries deemed non cooperative in…
Israel cb criticises govt over deficit dangers
Israel's central bank has criticised the government over its handling of the budget. The Bank of Israel said the Israeli government needed to make substantial cuts to the budget to reach its 2003 budget deficit target.
Klein leaves February's interest rates unchanged
Bank of Israel Governor David Klein decided Monday to leave the central bank's key lending rate unchanged for the month of February, and interest rates will stand at 8.9%.
The governor's performance hits a new low
ARTICLE - An article published in the Jerusalem Post on Tuesday criticised Bank of Israel governor David Klein for apparently laying the blame for Israel's 6.5 percent inflation rate on the government.
Bank of Israel accused of generating instability
Israel's Ministry of Finance on Thursday launched a fierce attack on the Bank of Israel, saying the central bank had failed to meet inflation targets and at times had a destabilising effect on the market.
Gretta Duisenberg apologises for 'Nazi' remarks
Gretta Duisenberg has apologised for saying last week that the Israeli occupation of Palestinian territories was worse than the Nazi occupation of the Netherlands - with the exception of the Holocaust.