Israel Cabinet Approves Law to Reform Central Bank

Israel’s cabinet approved a draft of a law on Sunday that would overhaul monetary policy and other decision-making by the Bank of Israel, the finance ministry said. The law was submitted by Prime Minister Benjamin Netanyahu and Finance Minister Yuval Steinitz. It has been in the works since Netanyahu was prime minister the first time, [...]

Israel Central Bank Holds Interest Rate at 0.5%

Israel’s central bank on Monday decided to hold its benchmark interest rate. As expected, the Bank of Israel maintained its interest rate at 0.5%. The decision was supported by a number of factors. Read more…